Protective Industrial Products Acquires Honeywell's Personal Protective Equipment Business

Odyssey Investment Partners Acquires Protective Industrial Products (PIP)

December 15, 2020

Industrial Services

Odyssey Investment Partners has entered into a definitive agreement to acquire Protective Industrial Products, Inc. (PIP), a global supplier of personal protective equipment, from Audax Private Equity. PIP’s management, including CEO Joe Milot, will remain in place and the Milot and Tao families will retain a significant ownership stake as Odyssey pursues organic growth and strategic add-on opportunities for the business.

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.

Protective Industrial Products (PIP) Acquires Primax Manufacturing (Caiman Gloves)

November 17, 2020

Manufacturing

Protective Industrial Products, a portfolio company of Audax Private Equity, has acquired Primax Manufacturing & Trading, Inc., the maker of the Caiman high-performance glove brand, headquartered in La Mirada, California. The acquisition expands PIP's premium glove and welding/utility PPE offering and strengthens penetration with distributors serving demanding end markets.

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.

Protective Life Corporation Acquires Portfolio Holding, Inc.

January 5, 2026

Insurance

Protective Life Corporation (a U.S. subsidiary of Dai-ichi Life Holdings) completed the acquisition of Portfolio Holding, Inc. and its subsidiaries from Abry Partners. The deal expands Protective Asset Protection’s finance & insurance (F&I) and dealer wealth solutions across automotive, RV, powersports and marine sectors, and adds Portfolio’s national distribution network and approximately 450 employees.

PI Industries Acquires Plant Health Care Plc

November 24, 2025

Agriculture

In August 2024 PI Industries Ltd. acquired Plant Health Care Plc (PHC) and has integrated the business into its global agriculture arm, PI AgSciences. The acquisition expands PI's biologicals and sustainable crop solutions capabilities and brings PHC subsidiaries across the U.S., Brazil, Mexico and other markets into PI's global platform.