Polypipe Acquires Nu-Heat for GBP27 Million

Copeland to Acquire SPH Sustainable Process Heat

October 23, 2025

HVAC & Mechanical

Copeland (Vilter) has signed an agreement to acquire SPH Sustainable Process Heat (SPH), a Germany-based industrial heat pump technology company. The deal is expected to expand Copeland’s industrial heating portfolio, including higher-temperature steam heat pump solutions, and broaden supported refrigerants and sales channels; SPH will continue to operate independently until closing.

GenNx360-backed Shenandoah Acquires Nu-Pipe

September 9, 2025

Infrastructure

Shenandoah, a GenNx360 Capital Partners portfolio company, has acquired Nu-Pipe LLC, a Southeast-based trenchless pipe rehabilitation contractor. Nu-Pipe founder and CEO Ashby Johnson will join Shenandoah as President of Solution Technologies, and the deal expands Shenandoah's CIPP, SAPL and grouting capabilities across the U.S.

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.

Hometree Acquires GeoWarmth Heat Pumps and The Little Green Energy Company

April 20, 2024

Renewable Energy

Hometree has acquired two regional renewable installers, GeoWarmth Heat Pumps and The Little Green Energy Company, supported by a new debt facility provided by funds and accounts managed by BlackRock. The acquisitions (two of seven total for Hometree) add c.55 employees and around £15m of combined revenues, strengthening Hometree's installation capacity and access to customers, financing and maintenance capabilities for residential renewable systems across the UK.

H.I.G. Capital to Acquire Travis Perkins Plc's Plumbing & Heating Business

May 20, 2021

Building Products

H.I.G. Capital has signed a definitive agreement to acquire Travis Perkins Plc's Plumbing & Heating business (P&H) in a divestiture valued at approximately £325 million. The carved-out business, which trades under City Plumbing Supplies and Plumbing Trade Solutions and operates more than 350 branches across the UK and Ireland with over 3,000 employees, will be transitioned to an independent company to accelerate customer-focused growth under H.I.G.'s ownership.

Polypipe Group Acquires ADEY from LDC for £210m

February 11, 2021

Building Products

Polypipe Group plc has acquired ADEY, the UK market leader in products and services that protect water-based heating systems, from private equity firm LDC in a transaction valuing ADEY at £210 million. The deal will allow ADEY to accelerate international growth and deepen Polypipe’s water and climate management product and service offering across the built environment.