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A new report states a majority of economists now think a would-be recession is coming later than expected. It suggests a softer economic landing as distributors continue to report strong financials.
Search Results for: ingersoll rand – Page 3
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The industrial manufacturer's impressive October-December period followed a likewise record-breaking third quarter.
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The pace of M&A activity accelerated in January, as industrial distributors and manufacturers reported four-dozen deals to start the year.
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After its offers to buy all of SPX Flow were rejected, Ingersoll Rand has instead acquired the company's air treatment business.
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Regal Rexnord, Stanley Black & Decker, Emerson Electric, Ingersoll Rand, Kennametal and other industrial suppliers also made the list.
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During the month of October, MDM reported on 28 mergers and acquisitions in the industrial distribution and manufacturing sector. Read about them here.
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The deal comes after IR’s $3.59B offer to buy SPX outright was rejected in July 2021.
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Lone Star Funds has reached a deal to acquire the company for $86.50 per share as part of an all-cash agreement.
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Rexel’s $456 million acquisition of Mayer Electric was just one of the notable transactions to reshape distribution last month.
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Provider of mission-critical flow creation and industrial solutions has struck a deal to acquire Air Dimensions for an all-cash purchase.
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