Mergers & Acquisitions

Norbord Announces Mill Exchange in Quebec

October 31, 2016

TORONTO, Oct. 28, 2016 - Norbord Inc. (TSX and NYSE: OSB) today announced that it has reached an agreement with Louisiana-Pacific Corporation (LP) (NYSE: LPX) to exchange OSB mills in Quebec. Norbord will swap ownership of its mill in Val-d'Or, Quebec for LP's OSB mill in Chambord, Quebec. Both mills have been curtailed for a number of years. "This asset exchange will better align our... Read More

RCD LLC Acquires Detroit Tool & Engineering

October 31, 2016

83 Year old company is positioning for new growth Lebanon, Missouri: October 26, 2016 - RCD LLC, held by industry leading executive Jim Sheldon, announced that it has acquired Detroit Tool Engineering (DTE Inc.), a world class automation and tooling engineering and manufacturing company. The company was acquired from the St. Louis based private equity firm of Thompson Street Capital Partners.... Read More

Southern Company Subsidiary Closes on Natural Gas-Fired Power Facility in Minnesota

October 28, 2016

ATLANTA, Oct. 27, 2016 - Southern Company subsidiary Southern Power today announced it has completed the acquisition of the Mankato Energy Center from Calpine Corporation. Located in Mankato, Minnesota, the facility includes two natural gas units – the existing 375-megawatt (MW) Mankato Energy Center I and the 345-MW Mankato Energy Center II expansion, which is under development. "The Mankato... Read More

Commercial Metals Company Signs Definitive Asset Purchase Agreement for Purchase of Steel Fabrication Business of Associated Steel Workers, Limited

October 28, 2016

IRVING, Texas, Oct. 26, 2016 - Commercial Metals Company (NYSE: CMC) announced that its wholly owned subsidiary, CMC Steel Fabricators, Inc., signed a definitive asset purchase agreement to acquire the steel fabrication business of Associated Steel Workers, Limited (ASW). ASW's steel fabrication business fabricates, delivers and installs uncoated black reinforcing bar and related materials as... Read More

Analog Devices Acquires Innovasic

October 28, 2016

Adds Deterministic Ethernet Technology and Expertise for Robust, Real-Time Connectivity in Highly-Synchronized Industrial Automation Networks and Industrial IoT NORWOOD, Mass.- Analog Devices, Inc. (NASDAQ: ADI) today announced the acquisition of Innovasic Inc., a leading provider of Deterministic Ethernet semiconductor and software solutions. The acquisition adds a suite of multiprotocol... Read More

Bloom Energy, Southern Company and its Subsidiary PowerSecure announce Acquisition of an Estimated 50 Megawatts of Distributed Fuel Cells

October 27, 2016

Strategic alliance to integrate advanced, distributed power generation and smart storage technologies ATLANTA and SUNNYVALE, Calif., Oct. 25, 2016 - Bloom Energy, Southern Company and its subsidiary PowerSecure have announced a strategic alliance, which will include project investment and joint-technology development to provide behind-the-meter energy solutions. PowerSecure will acquire an... Read More

Callon Petroleum Company Announces Closing of Midland Basin Acquisition

October 27, 2016

NATCHEZ, Miss., Oct. 24, 2016 - Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced the closing of its previously announced acquisition of certain assets located in the Midland Basin within its WildHorse operating area. On October 20, 2016, the Company completed the acquisition of 6,904 gross (5,952 net) acres primarily located in Howard County, Texas from Plymouth... Read More

DTE Energy Closes Purchase of Natural Gas Midstream Assets

October 24, 2016

DETROIT, Oct. 20, 2016 - DTE Energy today announced it completed the $1.3 billion purchase of midstream natural gas assets in Pennsylvania and West Virginia. "This completed acquisition is a great addition to our portfolio and supports both our strategy in this segment and our drive to continue to grow and earn strong returns for shareholders," said Gerry Anderson, DTE Energy chairman and CEO.... Read More

FEV North America, Inc. Acquires Majority Stake in Automation and Test Product Maker TrigTec

October 19, 2016

Acquisition expands FEV's ability to provide customers with highly engineered testing solutions AUBURN HILLS, Mich., Oct. 17, 2016 -- FEV North America, Inc. (FEV) announced today that it has acquired a 51-percent stake in automation and testing products maker TrigTec. The acquisition was completed on Sept. 20, and stipulations are in place that could allow FEV to expand its future ownership... Read More

Tecomet Inc. Announces Acquisition of Mountainside Medical

October 19, 2016

Acquisition Broadens Tecomet's Capabilities in Minimally Invasive Surgery Applications WILMINGTON, Mass., Oct. 17, 2016 -- Tecomet Inc., a global provider of innovation, design development services and manufacturing solutions for OEMs in the medical and aerospace defense industries, today announced the acquisition of Mountainside Medical, a supplier of complex, high precision medical device... Read More

An Initial Transaction as Part of a Sustained Growth Plan - Group Simoneau Acquires Ontario-based Sterling Combustion

October 19, 2016

BOUCHERVILLE, QC, Oct. 17, 2016 - Group Simoneau, a specialist in the design and manufacture of high-performance industrial boilers, is proud to announce that it has acquired Sterling Combustion, a one of its first collaborators and distributor based in Georgetown, Ontario. This acquisition marks an initial milestone in the growth plan Group Simoneau has adopted to strengthen its leadership... Read More

Oceaneering Completes Acquisition of Blue Ocean Technologies, Expanding Subsea Services into Riserless Light Well Intervention

October 19, 2016

HOUSTON, Oct. 17, 2016 -- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that it has acquired the assets of Blue Ocean Technologies, LLC ("Blue Ocean"), a privately held provider of riserless light well intervention ("RLWI") services, for approximately $30 million in cash. Included in the acquisition are three RLWI systems, two of which are currently under... Read More

Dril-Quip Agrees To Acquire TIW Corporation

October 19, 2016

HOUSTON, Oct. 17, 2016 -- Dril-Quip, Inc. (NYSE: DRQ) today announced that it has entered into an agreement to acquire TIW Corporation, a 100-year old industry-leading manufacturer of consumable downhole products for the global oil and gas market, for approximately $143 million, subject to closing adjustments. TIW provides liner hanger systems and related equipment and services worldwide and is... Read More

Stanley Black & Decker to Acquire Tools Business of Newell Brands

October 17, 2016

- Enhances Stanley Black Decker's Strong Brand Portfolio With Addition Of Irwin® Lenox® Brands; - Increases Global Cross-Branding Opportunities For Tools & Storage Business; - Acquisition Consistent With Stanley Black & Decker's Growth Strategy; - EPS Accretion, Excluding Charges, Of Approximately $0.15 Per Share Expected In Year One, Increasing To Approximately $0.50 Per Share By... Read More

American Innovations Acquires MSES External Corrosion Products, Expands Corrosion Prevention Solutions

October 17, 2016

AUSTIN, Texas, Oct. 14, 2016 - American Innovations is pleased to announce that it has acquired the external corrosion products division of MSES Consultants, Inc. With this acquisition, AI will expand its catalog of survey accessories and will integrate MSES' resistivity meter into its MicroMax product line. Specific additions to the AI survey accessory catalog include test canes and survey... Read More

Optics & Photonics, Test & Measuring Instruments

Deep Ultraviolet Spectrophotometer System for NASA

October 14, 2016

This McPherson spectrophotometer will help develop and test optical materials and coatings for high altitude and extraterrestrial (space flight) science missions. A new ultraviolet spectrophotometer system for optical coating metrology just arrived at NASA Goddard (Greenbelt, Maryland USA). McPherson (Chelmsford, Massachusetts US) designed the system for optimal performance in the 90 to... Read More

Mentor Graphics Acquires Galaxy Semiconductor

October 12, 2016

WILSONVILLE, Ore., Oct. 10, 2016 - Mentor Graphics Corporation (NASDAQ: MENT) today announced that it has acquired Galaxy Semiconductor, a leading provider of test data analysis and defect reduction software for the semiconductor industry. With this acquisition, more design, test, and product engineers will now have access to Galaxy's powerful solutions for maximizing device yields,... Read More

Trimble Sells its Unmanned Aircraft System Business to Delair-Tech

October 12, 2016

Strategic Alliances with Delair-Tech and Microdrones Expand UAS Platform Options While Leveraging Trimble Software and Data Solutions SUNNYVALE, Calif., Oct. 10, 2016 - Trimble (NASDAQ: TRMB) announced today that Delair-Tech has acquired its Belgium-based Gatewing Unmanned Aircraft System (UAS) engineering and manufacturing business. Delair-Tech is a leading provider of long-range, fixed-wing... Read More

L-3 Agrees to Acquire Implant Sciences Explosives Trace Detection Assets

October 12, 2016

Leader in the Design and Manufacture of Explosives Trace Detection (ETD) Systems and Sensors for Homeland Security and Defense Markets WILMINGTON, Mass., Oct. 10, 2016 - Implant Sciences (IMSC) announced today that it has entered into an asset purchase agreement to sell the explosives trace detection (ETD) assets to L-3 Communications (NYSE: LLL) for $117.5 million in cash, plus the assumption of... Read More

Diamond Technology Innovations Announces New Ownership by Alleghany Capital Corporation through Bourn & Koch

October 11, 2016

Olympia, WA, October [5, 2016 – Diamond Technology Innovations (dti™), a leading manufacturer of waterjet orifices and nozzles as well as related products, announced new ownership of the company by Alleghany Capital Corporation (“Alleghany Capital”), a subsidiary of Alleghany Corporation, through Bourn Koch, Inc. (“Bourn & Koch”). Terry Derrico, President of Bourn & Koch, commented,... Read More