The Nudyne Group Acquires Howard Engineering Heat Transfer Products Corp.

Applied Industrial Technologies Acquires Hydradyne, LLC

November 22, 2024

Industrial Services

Applied Industrial Technologies has signed a definitive agreement to acquire Hydradyne, a leading U.S. fluid power and motion control distributor. The acquisition expands Applied’s Engineered Solutions capabilities and Southeastern U.S. footprint; Hydradyne’s ~500 associates across 33 locations are expected to contribute about $260 million in sales and $30 million in EBITDA before synergies.

Honeywell Acquires Sundyne from Warburg Pincus for $2.16B

June 13, 2025

Manufacturing

Honeywell completed an all-cash $2.16 billion acquisition of Sundyne from private equity firm Warburg Pincus. The deal adds engineered pumps, integrally geared compressors and aftermarket services to Honeywell's Energy and Sustainability Solutions portfolio, expanding capabilities across refining, petrochemicals, LNG and clean fuels while leveraging Honeywell Forge for integrated offerings.

Polypipe Acquires Nu-Heat for GBP27 Million

February 2, 2021

HVAC & Mechanical

Polypipe Group PLC has acquired Honiton-based Nu-Heat Holdings Ltd, a supplier of underfloor heating and heat pump solutions, for GBP27 million. The purchase expands Polypipe's low-carbon heating and climate-management offerings and is expected to be earnings-accretive in the first full year.

NSI Industries Acquires Duro Dyne Corp.

November 19, 2021

Building Products

NSI Industries, a Huntsville-based electrical products distributor, has acquired Duro Dyne Corp., a Bay Shore, New York sheet metal manufacturer serving the HVAC industry. The acquisition adds the HVAC market and sheet metal accessory manufacturing capabilities to NSI's distribution platform; terms were not disclosed.

Honeywell Acquires Air Products' LNG Process Technology and Equipment Business for $1.81B

September 30, 2024

Energy

Honeywell has completed the $1.81 billion cash acquisition of Air Products’ liquefied natural gas (LNG) process technology and equipment business. The divestiture transfers related assets, intellectual property, manufacturing capability (including the Port Manatee, Florida coil-wound heat exchanger facility) and approximately 475 employees to Honeywell as Air Products refocuses on its industrial gases and clean hydrogen growth strategy.

Impact Climate Technologies Acquires Heat Transfer Systems of Georgia

January 15, 2026

HVAC & Mechanical

Impact Climate Technologies (ICT), an Ardian-backed HVAC holding company, has acquired Heat Transfer Systems of Georgia, an Alpharetta, Georgia-based provider of cooling towers, heat exchangers, boilers, water filtration and related HVAC equipment and services. The acquisition expands ICT’s presence in the Southeast and adds specialized thermal expertise to its platform; Heat Transfer Systems of Georgia will continue operating under its existing name and leadership.