Strategic Acquisition will be Stand-Alone Unit of Rheem
January 20, 2014
HTPG, a manufacturer of commercial refrigeration equipment for the food service, food retail, and other non-consumable markets, hopes to see its products gain a new reach in international markets not currently served by HTPG.
United Rentals Inc. announced that it has completed the acquisition of RSC Holdings Inc. in a cash-and-stock transaction valued at $18 per share, for a total enterprise value of $4.2 billion, including $2.3 billion of net debt.
Johnson Controls is included on FTSE4Good Index Series for 2012; Danfoss announces next EnVisioneering Symposium; Walter Meier announces acquisition; ecobee receives Green Toronto Award in Energy Conservation.
Blue Wolf Capital Partners LLC, a New York-based private equity firm, announced that Blue Wolf Capital Fund II L.P., through an affiliate, has entered into an agreement with Standex International Corp. to acquire Standex’s Air Distribution Products Group (SADP), a leader in the design and manufacture of galvanized steel duct products for residential and light commercial buildings.
Regal Beloit announces acquisition; Research Products names president of its geothermal heat pump division; Danfoss names sales directors; Uponor North America names president; Bronz-Glow gains certification; Tecumseh Products appoints global motor technology manager and global materials technology manager; ThermaSys is acquired; Spirax Sarco expands steam system facility.
ABB and Thomas & Betts Corp. announced that both companies’ boards of directors have agreed to a transaction in which ABB will acquire Thomas & Betts for approximately $3.9 billion. The combination is expected to enhance ABB’s North American low-voltage products business. Thomas & Betts also offers HVAC products, new to ABB but related to its core power and automation focus.
Watts Water Technologies Inc. has announced the signing of a definitive agreement to acquire tekmar Control Systems in a share purchase transaction. The acquisition is subject to customary closing conditions.