DiversiTech Acquires Packard

Smiths Group plc Acquires Duc-Pac Corporation

March 25, 2025

HVAC & Mechanical

Smiths Group plc has acquired Duc-Pac Corporation, a U.S.-based metal duct manufacturer for HVAC applications, for $40.5 million. The business will be integrated into the construction segment of Smiths' Flex-Tek unit to expand Smiths' geographic coverage in the northeast United States and enable cross-selling opportunities.

DiversiTech Acquires SpeedClean from Goodway Technologies

January 11, 2021

HVAC & Mechanical

DiversiTech Corporation acquired SpeedClean from Goodway Technologies, completing the transaction on December 15, 2020. The purchase adds SpeedClean's portfolio of coil- and HVAC-maintenance tools to DiversiTech's HVAC/R product offerings to broaden capabilities and simplify ordering for wholesale partners.

Packsize Acquires Sparck Technologies from Standard Investment

April 23, 2025

Packaging

Packsize has completed the acquisition of Sparck Technologies from Standard Investment, consolidating its leadership in automated packaging solutions. The deal adds Sparck’s high-throughput CVP Impack and CVP Everest systems to Packsize’s portfolio, expanding capability to serve high-volume e‑commerce and fulfillment customers and advancing sustainable, right‑sized packaging offerings.

Leadec Acquires Diversified Automation

December 31, 2020

Industrial Services

Leadec, a Triton Fund IV portfolio company, acquired Diversified Automation effective December 31, 2020 to expand its parcel automation capabilities and strengthen its North American operations. Diversified Automation, headquartered in Louisville, Kentucky, is an industrial automation systems integrator with ~140 experts and roughly $100 million in annual revenue that serves major parcel and e-commerce customers such as UPS, FedEx and Amazon.

Danfoss Acquires Palladio Compressors

October 1, 2025

Manufacturing

Danfoss has acquired Palladio Compressors Srl to add screw-compressor technology to its portfolio, supporting large-scale HVAC/R systems and high‑temperature heat pumps. The deal integrates Palladio’s efficient screw compressors — designed for natural and low‑GWP refrigerants — into Danfoss’s broader compressor, valves, controls and heat‑exchanger offering to expand capabilities and address mid‑range energy applications.

Daikin Applied Acquires Varitec Solutions

October 8, 2024

HVAC & Mechanical

Daikin Applied announced a majority investment in Varitec Solutions, a Phoenix-based designer, developer and installer of large-scale, energy-efficient HVAC systems. The deal brings Varitec's ~170 employees into the Daikin Group to expand Daikin's end-to-end HVAC capabilities and service footprint across the U.S. Southwest while Varitec's president, Chris Carlson, will continue to lead the business.