Tracked deals
11
11 tracked deals across 2021-2026.
Public Company
Industrial Services
Eaton
Dublin, Dublin, Ireland
Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment through electrical, hydraulic and mechanical power management products and services for customers everywhere.
- Focus Areas
- Power management products, Electrical power distribution and power quality, Thermal management and liquid cooling (data centers)
- Website
- eaton.com
Recent pace
3
3 tracked deals announced in the last 12 months.
Deal mix
Buyout
9 buyout · 1 divestiture · 1 growth capital
Eaton Acquisition Volume by Year
Last 6 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
September 25, 2026
- Buyer
- Eaton
- Target
- COL Group
- Seller
- Oaktree (Power Opportunities strategy)
- Industry
- Industrial Services
- Location
- Italy
- Type
- Buyout
Eaton has signed an agreement to acquire COL Group from Oaktree’s Power Opportunities strategy for an enterprise value of €810 million. The deal will expand Eaton’s power distribution manufacturing and engineering capabilities across Europe, the Middle East and Africa, strengthening its position in medium-voltage electrical equipment and grid automation.
-
March 12, 2026
- Buyer
- Eaton
- Target
- Boyd Thermal (thermal management business of Boyd Corporation)
- Seller
- Boyd Corporation, Goldman Sachs Asset Management
- Industry
- IT Services
- Location
- United States
- Type
- Buyout
Eaton announced it has completed (and previously agreed) to acquire the Boyd Thermal business from Boyd Corporation, with the Thermal business sold from Goldman Sachs Asset Management. The transaction strengthens Eaton’s data center “grid-to-chip” power and liquid-cooling infrastructure offering and is expected to be accretive to adjusted earnings in year two after closing.
-
- Buyer
- Eaton
- Target
- Ultra PCS Limited
- Seller
- Cobham Ultra Group
- Industry
- Aerospace & Defense
- Location
- Gloucestershire, United Kingdom
- Type
- Buyout
Eaton has completed the acquisition of Ultra PCS Limited from the Cobham Ultra Group for $1.55 billion. The deal brings Ultra PCS’s electronic controls, sensing, stores-ejection and data-processing solutions into Eaton’s Aerospace portfolio to expand capability in mission-critical aerospace and defense systems and is expected to be accretive to Eaton’s Aerospace margins and growth.
-
August 6, 2025
- Buyer
- Eaton
- Target
- Resilient Power Systems Inc.
- Seller
- Energy Transition Ventures, venture capital firms including Energy Transition Ventures
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
Eaton signed an agreement to acquire Resilient Power Systems Inc., a North American developer and manufacturer of innovative energy solutions, including solid-state transformer-based technology. The deal is expected to close in the third quarter of 2025 (subject to customary closing conditions), and Eaton expects the acquisition to strengthen its medium-voltage power distribution offerings for markets such as data centers and energy storage.
-
April 1, 2025
- Buyer
- Eaton
- Target
- Fibrebond
- Industry
- Infrastructure
- Location
- Louisiana, United States
- Type
- Buyout
Intelligent power management company Eaton has completed its acquisition of Fibrebond, a designer and builder of pre-integrated modular power enclosures. Under the agreement, Eaton paid $1.4 billion and expects the deal to be neutral to earnings per share in 2025, with Fibrebond expected to generate $110 million of estimated 2025 adjusted EBITDA.
-
May 21, 2024
- Buyer
- Eaton
- Target
- Exertherm
- Industry
- Industrial Services
- Location
- United Kingdom
- Type
- Buyout
Eaton has completed the acquisition of Exertherm, a U.K.-based provider of continuous thermal monitoring solutions for electrical equipment. Eaton plans to integrate Exertherm's thermal monitoring technology into its Brightlayer software suite to expand capabilities for data centers, utilities and industrial customers and improve safety and reliability of critical electrical infrastructure.
-
April 24, 2023
- Buyer
- Eaton
- Target
- Jiangsu Ryan Electrical Co. Ltd.
- Industry
- Manufacturing
- Location
- Jiangsu, China
- Type
- Growth capital
Eaton completed the acquisition of a 49% minority stake in Jiangsu Ryan Electrical Co. Ltd., a Nantong, Jiangsu-based manufacturer of power distribution and sub-transmission transformers. The deal gives Eaton greater access to Ryan’s manufacturing capabilities and China/Asia-Pacific customers as it expands its presence in renewable energy, data center, utility and industrial end markets.
-
- Buyer
- Eaton
- Target
- Jiangsu Huineng Electric Co., Ltd. (circuit breaker business)
- Seller
- Jiangsu Huineng Electric Co., Ltd.
- Industry
- Manufacturing
- Location
- Jiangsu, China
- Type
- Divestiture
Eaton has completed the acquisition of a 50% stake in the circuit breaker business of Jiangsu Huineng Electric Co., Ltd., creating a strategic partnership to combine Huineng’s low-voltage circuit breaker products with Eaton’s global distribution and capabilities. The deal positions Eaton to better serve high-growth end markets in China — including renewable energy, grid modernization, commercial buildings and industrial customers — while leveraging Huineng’s manufacturing base in Zhenjiang, Jiangsu.
-
- Buyer
- Eaton
- Target
- Royal Power Solutions
- Seller
- Industrial Growth Partners, Selling shareholders and members of management
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Eaton has acquired Royal Power Solutions, a U.S.-based manufacturer of high-precision electrical connectivity components, from Industrial Growth Partners for $600 million. The acquisition strengthens Eaton's position in electrification end markets (e.g., eMobility, energy management and industrial markets) and adds manufacturing capacity and product capabilities.
-
- Buyer
- Eaton
- Target
- Jiangsu YiNeng Electric's busway business
- Seller
- Jiangsu YiNeng Electric
- Industry
- Manufacturing
- Location
- Jiangsu, China
- Type
- Buyout
Eaton completed the acquisition of a 50% stake in Jiangsu YiNeng Electric’s busway business, a China-based manufacturer of busway products that reported $60 million in sales in 2020. The joint arrangement expands Eaton’s power distribution and power quality portfolio in the Asia‑Pacific region to better serve data center, commercial building and industrial customers.
-
January 29, 2021
- Buyer
- Eaton
- Target
- Tripp Lite
- Industry
- Electrical Services
- Location
- Illinois, United States
- Type
- Buyout
Eaton has signed an agreement to acquire Tripp Lite, a Chicago-based supplier of power quality products and connectivity solutions, for $1.65 billion. The purchase expands Eaton's edge computing and single-phase UPS product portfolio and is expected to close mid-2021.
Related Acquisition Pages
Manufacturing Buyers & Acquisitions
4 tracked deals by Eaton.
Industrial Services Buyers & Acquisitions
3 tracked deals by Eaton.
Aerospace & Defense Buyers & Acquisitions
1 tracked deal by Eaton.
Electrical Services Buyers & Acquisitions
1 tracked deal by Eaton.
Acquisitions in Illinois
2 tracked deals by Eaton.
Acquisitions in Louisiana
1 tracked deal by Eaton.
Acquisitions in Texas
1 tracked deal by Eaton.
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