HF Sinclair to Acquire Industrial Oils Unlimited for $38 Million

HollyFrontier and HEP Acquire Sinclair Assets and Establish HF Sinclair Corporation

March 15, 2022

Oil & Gas

HollyFrontier Corporation and Holly Energy Partners, L.P. completed acquisitions of Sinclair Oil Corporation and Sinclair Transportation Company from The Sinclair Companies and established HF Sinclair Corporation as the new public parent. As part of the transaction, HF Sinclair issued approximately 60.2 million shares to Sinclair (about 27% pro forma equity) and HEP issued 21 million common units to Sinclair (about 17% of outstanding units), creating a larger integrated downstream and midstream energy company with expanded refining, renewables and marketing capabilities.

HF Sinclair Acquires Holly Energy Partners

December 1, 2023

Energy

HF Sinclair Corporation completed the merger to acquire all outstanding common units of Holly Energy Partners, L.P., paying 0.3150 shares of HF Sinclair common stock and $4.00 in cash per HEP common unit. The transaction removed HEP from public trading and gives HF Sinclair full ownership of HEP's midstream terminals, pipelines and storage assets to better integrate and optimize its logistics and midstream capabilities.

Honeywell Acquires Sundyne for $2.16 Billion

June 13, 2025

Industrial Services

Honeywell has completed its $2.16 billion all-cash acquisition of Sundyne from private equity firm Warburg Pincus. Sundyne supplies highly engineered pumps and gas compressors with aftermarket services, which Honeywell will integrate under its Honeywell Forge platform to expand process industry capabilities and aftermarket revenue.

Baker Hughes Acquires Chart Industries for $13.6 Billion

July 31, 2025

Industrial Services

Baker Hughes announced a definitive, all-cash agreement to acquire Chart Industries in a $13.6 billion transaction valued at $210 per share. The deal is expected to accelerate Baker Hughes’ Industrial & Energy Technology strategy, expand capabilities in LNG, hydrogen, and carbon capture/cryogenic processing, and deliver annualized cost savings of about $325 million by the end of the third year post-close.

HTS Eng. Ltd (HTS Texas) Acquires Oslin Nation

June 14, 2023

Building Products

Houston-based HTS Eng. Ltd's Texas division has agreed to acquire Arlington, Texas-based manufacturers' representative Oslin Nation. The acquisition adds hydronic, pump and plumbing product lines to HTS Texas' HVAC and building controls offerings and brings Oslin Nation's ~80 employees into HTS Texas's operations.

Delta Electronics Acquires Universal Instruments Corporation

December 18, 2021

Manufacturing

Delta Electronics, through its subsidiary Delta International Holding Limited B.V., agreed to acquire UI Acquisition Holding Co., the owner of Universal Instruments Corporation, for approximately US$88.9 million. The acquisition brings Universal's precision automation solutions and R&D to Delta to strengthen its smart manufacturing capabilities for the electronics industry; Universal will continue to operate under its existing management.