Burckhardt Compression is strengthening its market presence and acquiring the global compressor business from The Japan Steel Works Ltd., abbreviated JSW, whose headquarters are located in Tokyo. Burckhardt Compression (Japan) Ltd, headquartered in Yokohama, will assume responsibility for the local customer relationship management. JSW is a manufacturer of steel, power-plant equipment and industrial machinery. It […]
Marco Group International and APE Companies have merged companies creating a top North American distributor of surface preparation, abrasives and safety products with 24 locations throughout the U.S. and Canada. The merger of Marco Group International and APE Companies is a major step forward for both companies and will allow the combined company to better […]
Justrite Safety Group recently acquired Compliancesigns.com, a safety identification manufacturer that sells safety signs, labels and tags largely through e-commerce channels. This acquisition is intended to further strengthen Justrite’s capabilities in the safety identification product category and address shifting customer purchasing trends to e-commerce. For more information, visit www.justrite.com or call (800) 798-9250.
CUI Global Inc. and Bel Fuse Inc. have entered into an asset purchase agreement under which CUI Global will sell the majority of the CUI Power Business to Bel for $32 million, plus the assumption of certain liabilities and subject to closing working capital adjustments. The CUI Power Business is a division within CUI Global’s […]
BHI Energy has acquired Plaska Transmission Line Construction LLC, a fully licensed electrical contractor providing distribution, transmission and storm restoration services for customers throughout Texas, Arizona, Kansas, New Mexico and Oklahoma. Terms of the transaction were not disclosed. Based in Amarillo, Texas, Plaska specializes in installation, repair and maintenance services on overhead electrical power lines […]
In a move to expand its commercial motorized access offerings, BrandSafway has acquired Bowline Construction LLC, a leading provider of commercial construction access systems in the New England region. Headquartered approximately 15 miles south of Boston in Norwell, Massachusetts, Bowline has worked with a broad range of builders, contractors, construction managers, owners and developers to […]
The Pembina Pipeline Corp. has acquired the U.S. portion of the Cochin Pipeline for $1.546 billion. In addition, Pembina has acquired all of the outstanding common equity of Kinder Morgan Canada Ltd. (KML). Under the arrangement, Kinder Morgan Inc. (KMI) will receive .3068 shares of Pembina for each KML share it holds. This exchange ratio […]
US Ecology Inc. recently completed its merger with NRC Group Holdings Corp., a national leader in comprehensive environmental, compliance and waste management services providing the marine and rail transportation, general industrial and energy industries in an all-stock transaction. “NRC brings highly complementary services and customers to US Ecology through its substantial nationwide service network, creates […]
Energy Transfer LP and SemGroup Corp. have completed their previously announced merger, which resulted in the acquisition of Tulsa-based SemGroup by Dallas-based Energy Transfer. As a result of the merger, Energy Transfer issued approximately 57.6 million of its common units to SemGroup stockholders. The combined operations of the two companies are expected to generate annual […]
Total Safety recently acquired Pacific Coast Tool (Pac Coast) to expand its distribution offerings to power utility customers. Pac Coast is based in Southern California and serves utility and industrial customers with supplies, tools and safety products. Pac Coast will operate and be integrated under Total Safety’s specialty distribution business unit, which operates under the […]
Refining Community and Coking.com, which produce the RefComm® refinery training, conference and exhibition event, have been acquired by global metals, mining and fertilizer powerhouse CRU. The organization will operate under the name RefComm and continue to offer industry-leading training and field services in the delayed coking and fluid catalytic cracking sectors, while also producing the […]
ORIX Capital Partners acquired a majority interest in Specialty Welding and Turnarounds, LLC, or SWAT. Headquartered in Gonzales, Louisiana, Johnny Holifield, President of SWAT, and Jimmy Quick, Vice President of SWAT, founded the company in 2014 in response to the industry’s growing need for better execution, quality, and technical expertise during regularly planned shutdowns. “SWAT’s focus on […]
Royal Dutch Shell plc has closed on the sale of Shell’s Martinez Refinery in California to PBF Holding Company LLC (PBF)., for $1.2 billion. This sale includes the refinery and inventory. The deal also includes crude oil supply and product offtake agreements, and other adjustments.
Arcosa, Inc., a provider of infrastructure-related products and solutions, has reached a definitive agreement to acquire Cherry Industries, Inc. and affiliated entities for $298 million. Cherry is a leading producer of natural and recycled aggregates in the Houston, Texas market. For the twelve-month period ended September 30, 2019, Cherry had revenues of approximately$176 million and […]
DTE Midstream, a non-utility business of DTE Energy, has entered into an agreement to acquire a gathering system and gathering pipeline in the Haynesville Shale formation of Louisiana for a purchase price of $2.25 billion in cash, plus a $400 million milestone payment upon completion of the gathering pipeline in the second half of 2020. […]
Parsley Energy Inc. and Jagged Peak Energy Inc. have entered into a definitive merger agreement under which Parsley will acquire Jagged Peak in an all-stock transaction valued at approximately $2.27 billion, including Jagged Peak’s net debt of approximately $625 million. Under the terms of the agreement, Jagged Peak shareholders will receive a fixed exchange ratio […]