According to industry experts, it’s all too common for contractors to make the mistake of waiting until they’re desperate to sell before properly assessing their company’s value and working to make it attractive to potential buyers.
Modine Manufacturing Co. has announced changes to its executive organization in response to its acquisition of Luvata Heat Transfer Solutions (HTS). Modine previously announced that it agreed to acquire Luvata HTS, a leading global manufacturer of coils, coolers, and coatings for the HVACR and industrial markets.
Tencarva Machinery Co. LLC has acquired Dixie Pump & Machine Works in Brookhaven, Mississippi, plus the assets of a portion of Predictive Maintenance Consultants in Brookhaven, from owners Reggie Allen and Collins Allen.
Modine Manufacturing Co., a leading provider of thermal management technology and solutions, announced it has entered into a definitive agreement to acquire Luvata Heat Transfer Solutions (HTS) for approximately $422 million, to be financed through a combination of cash, debt, and $25 million of Modine common stock.
Emerson announced it is extending its presence in cold chain management with the acquisitions of Locus Traxx and PakSense. Emerson said these investments in cargo solutions will allow it to provide consistent and safe control of food and other temperature-sensitive goods.
Convergint Technologies, a service-based systems integrator, has announced the acquisition of TACanada. Convergint said TACanada provides intelligent buildings through the use of open systems that seamlessly integrate mechanical, electrical, lighting, security, card access, and camera systems.
Blueair, a manufacturer of air purifying technologies and products for consumers and businesses, announced it has been acquired by Unilever. Blueair founder Bengt Rittri said the acquisition will enable even more people to protect their health by using the company’s air purifiers to remove indoor airborne contaminants.
Integrated Facility Services (IFS), a full-service mechanical contractor with offices in St. Louis and Columbia, Missouri, announced it has acquired Wally’s Refrigeration, Lake of the Ozarks, Missouri.
Xylem Inc., a leading global water technology company, announced that it has signed a definitive agreement to acquire Sensus for approximately $1.7 billion in cash. Sensus is a provider of smart meters, network technologies, and advanced data analytics services for the water, electric, and gas industries.
Emerson announced it has signed an agreement to purchase the Valves & Controls business of Pentair for $3.15 billion. Emerson said the complementary acquisition establishes its global presence in control, isolation, pressure relief valves and actuation as part of a larger strategy to build a broader automation portfolio.