Howden Maintenance Partners Acquires Assets of Turbine Europe

Howden Group Acquires Spencer Turbine

October 5, 2021

Manufacturing

Howden Group has acquired The Spencer Turbine Company, a Windsor, Connecticut-based manufacturer of vacuum systems, gas pressure boosters and industrial blowers. The acquisition expands Howden’s product capabilities in industrial and wastewater treatment markets and provides Spencer Turbine access to Howden’s global distribution network to accelerate growth in North America, China, South America and Europe.

Edgewater Funds and Partners Invest in Turbine Engine Specialists (TES)

October 17, 2023

Aerospace & Defense

Edgewater Growth Capital Partners V, L.P. led an investment in Turbine Engine Specialists (TES), a Fort Worth, Texas–based aftermarket provider of turbine engine MRO, rental and parts distribution for the global private aviation market. The transaction includes co-investors Banbury Private Capital, HF Capital and existing investor Killick Capital; TES will retain its full leadership team as the investors provide capital to support the company’s growth initiatives.

KPS Capital Partners Acquires Howden from Colfax Corporation

May 16, 2019

Manufacturing

KPS Capital Partners has signed a definitive agreement to acquire Howden from Colfax Corporation for an enterprise value of $1.80 billion (approximately $1.66 billion cash plus $0.14 billion in assumed liabilities and minority interest). Howden, headquartered in Glasgow, United Kingdom, is a global manufacturer and service provider of mission-critical air and gas handling equipment with more than 5,300 employees and a presence in 32 countries. KPS said it will support Howden's transformation and growth through investments in R&D, technology and strategic acquisitions.

JLL Partners Acquires PowerParts Group

January 27, 2026

Manufacturing

JLL Partners has acquired PowerParts Group, a precision manufacturer and field-services provider of aftermarket components for gas- and steam-turbine power plants, from Mangrove Equity Partners. JLL intends to use PowerParts Group as the foundation of a new engineering-focused power-generation components platform and plans to expand capacity and capabilities through organic investment and strategic acquisitions.

Howden Acquires Compressor Products International (CPI)

December 22, 2021

Manufacturing

Howden has completed its acquisition of Compressor Products International (CPI), a Houston-based provider of aftermarket components and services for reciprocating compressors. The deal expands Howden's global aftermarket capabilities and service coverage across North America and Europe and adds complementary valve and aftermarket product technology to its compressor portfolio.

EthosEnergy Acquires Turbine Services, Ltd.

May 27, 2025

Industrial Services

EthosEnergy, a global provider of services and solutions for rotating equipment, has acquired Turbine Services, Ltd. (TSL), a Saratoga Springs, New York-based manufacturer and supplier of aftermarket parts for heavy-duty gas and steam turbines. The deal augments EthosEnergy’s gas turbine product offering and secures continuity for TSL’s employees and customers.