Protective Industrial Products Completes Acquisition of Honeywell’s Personal Protective Equipment Business

Odyssey Investment Partners Acquires Protective Industrial Products (PIP)

December 15, 2020

Industrial Services

Odyssey Investment Partners has entered into a definitive agreement to acquire Protective Industrial Products, Inc. (PIP), a global supplier of personal protective equipment, from Audax Private Equity. PIP’s management, including CEO Joe Milot, will remain in place and the Milot and Tao families will retain a significant ownership stake as Odyssey pursues organic growth and strategic add-on opportunities for the business.

Protective Industrial Products (PIP) Acquires Primax Manufacturing (Caiman Gloves)

November 17, 2020

Manufacturing

Protective Industrial Products, a portfolio company of Audax Private Equity, has acquired Primax Manufacturing & Trading, Inc., the maker of the Caiman high-performance glove brand, headquartered in La Mirada, California. The acquisition expands PIP's premium glove and welding/utility PPE offering and strengthens penetration with distributors serving demanding end markets.

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.

PI Industries Acquires Plant Health Care Plc

November 24, 2025

Agriculture

In August 2024 PI Industries Ltd. acquired Plant Health Care Plc (PHC) and has integrated the business into its global agriculture arm, PI AgSciences. The acquisition expands PI's biologicals and sustainable crop solutions capabilities and brings PHC subsidiaries across the U.S., Brazil, Mexico and other markets into PI's global platform.

Pion Inc. Acquires BEE International

December 5, 2022

Medical Devices

Pion Inc. has acquired BEE International, adding high-pressure homogenization and emulsification equipment to Pion’s portfolio of formulation and analytical tools for biopharmaceutical development. BEE International will operate as an independent business unit and continue supporting customers from its South Easton, Massachusetts headquarters.

Thermo Fisher Scientific Completes Acquisition of PPD, Inc.

December 8, 2021

Healthcare Services

Thermo Fisher Scientific completed its acquisition of PPD, Inc., a leading global provider of clinical research services, for $17.4 billion. The deal extends Thermo Fisher’s clinical research capabilities across the drug development spectrum and is expected to generate total synergies of approximately $125 million by year three following close.