Pentair Acquires Hydra-Stop for About $290 Million

Pentair Acquires Pleatco Filtration

September 15, 2021

Manufacturing

Pentair plc entered into and then completed a definitive agreement to acquire Pleatco Filtration, a manufacturer of aftermarket water filtration and clean air technologies, for approximately $255 million in cash. The acquisition expands Pentair’s replacement filter product offerings across its pool/spa distribution channels and strengthens its industrial air filtration portfolio.

Finning Acquires Hydraquip Hose & Hydraulics (UK) for ~£65M

March 22, 2022

Industrial Services

Finning International Inc. has acquired Hydraquip Hose & Hydraulics Ltd. and Hoses Direct Ltd. (together, Hydraquip), the UK’s second-largest hydraulic hose replacement and repair company, for approximately £65 million. The acquisition expands Finning's product support and mobile-service capabilities across multiple end markets and is expected to be immediately accretive to its UK & Ireland operations.

Pentair Acquires Assets of Ken's Beverage, Inc.

April 20, 2021

Industrial Services

Pentair plc has entered into a definitive agreement to acquire the assets of Ken's Beverage, Inc. for approximately $80 million in cash. The acquisition adds a national direct service network — including 30 branches and over 300 trained technicians — to Pentair's commercial water and beverage equipment capabilities and is expected to close in Q2 2021.

Pentair Acquires Manitowoc Ice from Welbilt for $1.6 Billion

July 28, 2022

Manufacturing

Pentair plc has completed its acquisition of Manitowoc Ice from Welbilt, Inc. for $1.6 billion, subject to customary adjustments. The purchase brings Manitowoc Ice's ~800 employees, ~1 million installed units and broad commercial ice machine product line into Pentair to expand its commercial water solutions for foodservice and hospitality customers.

H.I.G. Europe Acquires Standard Hidraulica from Aalberts

December 14, 2022

Building Products

H.I.G. Europe, an affiliate of H.I.G. Capital, has completed the acquisition of Standard Hidraulica (STH), an international plumbing supplies and sanitary fittings group headquartered in Montcada i Reixac (Barcelona), from Aalberts N.V. H.I.G. said it will support STH’s transition to an independent company and accelerate organic and inorganic growth while leading consolidation in its core markets across Spain, the UK, South Africa and Greece.

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.