Industrial manufacturing conglomerate Honeywell agreed to acquire Arvada, CO-based Sundyne from private equity firm Warburg Pincus for an all-cash transaction for $2.16 billion.

Sundyne designs, manufactures and supports industrial pump and compressor products for a range of industries, including upstream and midstream oil and gas production, refining, petrochemical, chemical, hydrogen, carbon capture, power and water process. The company has built a portfolio of brands through both organic growth and acquisitions. These brands — including Ansimag, HMD Kontro and Marelli — offer a broad range of fluid and gas handling solutions.

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Honeywell said the addition of Sundyne’s differentiated equipment will strengthen its Energy and Sustainability Solutions (ESS) business segment. The integration will also enhance customer offerings by leveraging Honeywell Forge to digitalize Sundyne’s equipment, improving reliability and enabling predictive maintenance.

“By combining Honeywell’s top-tier technology with Sundyne’s leading process industry solutions, this acquisition will further enhance our dynamic Honeywell UOP business and create strategic growth opportunities in attractive verticals,” Honeywell Chairman and CEO Vimal Kapur said in a March 4 news release. “Sundyne’s vast installed base of top-of-the-line pumps and compressors will further strengthen Honeywell’s brand in the process industry and create significant opportunities for us to continue expanding our aftermarket services business.”

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The acquisition is expected to close in the second quarter of 2025, and Honeywell anticipates it will be immediately accretive to sales growth, segment margin and adjusted EPS in the first full year of ownership.

On Feb. 6, Honeywell announced that it will split into three independent companies, effectively ending the conglomerate. The company said it will be fully separated from its automation and aerospace technologies business. This planned separation, along with the previously announced spinoff of advanced materials, will create three publicly listed companies.