Honeywell Acquires Sundyne for $2.16 Billion

Honeywell Acquires Air Products’ LNG Process Technology and Equipment Business for $1.81 Billion

September 30, 2024

Industrial Services

Honeywell has agreed to acquire Air Products’ liquefied natural gas (LNG) process technology and equipment business in an all-cash transaction valued at $1.81 billion. The deal adds LNG natural gas pre-treatment and liquefaction capabilities, including coil-wound heat exchanger (CWHE) technology, to Honeywell’s existing LNG offerings. The transaction was completed on Sept. 30, 2024, with related assets, intellectual property, manufacturing capability, and personnel transferring to Honeywell.

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 Sine Group

December 16, 2020

Cloud & SaaS

Honeywell International Inc. has acquired Sine Group, an Adelaide, Australia–based provider of visitor management and workplace SaaS solutions. Honeywell will integrate Sine's mobile-first visitor and safety capabilities into Honeywell Forge and its Connected Buildings portfolio to expand safety, security, compliance and mobile functionality for customers globally; deal terms were not disclosed.

The Nudyne Group Acquires Howard Engineering Heat Transfer Products Corp.

July 12, 2024

Manufacturing

The Nudyne Group LLC has completed an asset acquisition of Howard Engineering Heat Transfer Products Corp., acquiring the company's intellectual property and key assets and relocating manufacturing to Corona, California. The deal expands Nudyne's heating and heat-transfer capabilities for commercial and industrial applications and the business will operate as Howard's Engineering Heat Transfer Products LLC under Nudyne ownership.

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.

United Flow Technologies Acquires Sydnor Hydro

September 5, 2025

Industrial Services

United Flow Technologies (a H.I.G. Capital portfolio company) has acquired Sydnor Hydro Inc., a Virginia-based pump distributor and repair services provider focused on groundwater, water and wastewater systems. The acquisition strengthens UFT's Mid-Atlantic presence and pump service capabilities while expanding its municipal, industrial and government customer coverage in Virginia, eastern North Carolina, South Carolina and Maryland.