The pumps and MRO supplies distributor plans to continue to grow through acquisitions in 2026.
It will position Parker as of the largest global industrial filtration businesses and significantly expand aftermarket capabilities and offerings.
A Tencarva veteran executive is promoted to CEO while the company’s former CEO becomes chairman.
Contrôles Laurentide expanded its partnership with Danfoss to include the Danfoss Drives product line, enhancing its motor control and automation offerings across Canada.
Full-year sales were flat annually, but the company saw orders improve across all divisions in 4Q.
Valued at $1.5 billion, the deal is set to result in a PVF and industrial supplies distributor with a combined revenue of around $5.4 billion and more than 350 locations worldwide.
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The all-stock deal will result in a flow and thermal management solutions supplier with a combined revenue of $8.8 billion.
Fusion Capital Partners acquired the instrumentation and industrial equipment distributor, with LKCM Headwater Investments retaining a minority stake through reinvestment.
Applied’s total sales declined year-over-year, but acquisitions drove most of the increase while foreign currency translation negatively impacted sales.
The company raised its outlook for operating margins, driven by strong performance in its Aerospace Systems segment.
Gryphon Investors closed its continuation vehicle to infuse new capital into Minneapolis-based distributor Vessco Water.
