United Flow Technologies Finalizes Acquisitions
United Flow Technologies (UFT) acquired Kodru-Mooney and Macaulay Controls Company (Macaulay), two providers of best-in-class products and value-added services for the municipal water and wastewater industries.
UFT states that both of these acquisitions will accelerate its strategic positioning in the Midwest and Texas regions, add new product categories, and strengthen OEM partnerships.
UFT will partner with the leadership teams to support its initiatives within a cohesive business unit. Both company brands will remain the same to ensure the continuation of the companies’ proven success in serving their employees and customers.
Headquartered in Jordan, Minnesota, Kodru-Mooney is a provider of valve, gate, and actuation equipment and services for municipal water, wastewater, and industrial markets in North Dakota, South Dakota, Minnesota, Wisconsin, and Northern Illinois. Kodru-Mooney represents top OEMs.
Macaulay Controls Company is a trusted partner to municipalities, water authorities, contractors, and engineering firms across Texas and Oklahoma—helping to solve needs in chemical feed, instrumentation, and analysis. The Company provides customers with services including calibration, installation, and start-up assistance.
Kurt Manufacturing Acquires Bellatex Industries LLC
Minneapolis-based Kurt Manufacturing announced the acquisition of Bellatex Industries, LLC, owner of CARVESMART—the original dovetailed quick-change vise jaw system. In an asset acquisition, Kurt has acquired all CARVESMART patents and inventory.
Kurt Workholding will carry a full inventory of current CARVESMART products along with the new Kurt TriLock Vise with CARVESMART jaws (pictured). Precut machinable jaws and jaw extrusions will still be available to new and existing customers. Kurt is in the process of transitioning all CARVESMART website assets to kurtworkholding.com.
“The CARVESMART dovetailed jaw system was created to help shops manage high-variability jobs with multiple parts running on a handful of machines. The dream was always to produce not only great accessory jaw plates but to bring a complete CARVESMART vise to market. The new Kurt TriLock with CARVESMART is the realization of that dream," said Bill Ehnstrom, CARVESMART founder.
Kurt Workholding plans to sell the CARVESMART system directly and through its distribution network. CARVESMART products will also remain available for purchase at carvesmart.com during the changeover to ensure a seamless transition for current customers.
Kurt Workholding’s new TriLock Vise with CARVESMART features a 3-in-1 vise design that can be a traditional 6-in. double-station vise, a single-station vise or a large single-station vise. The vise comes equipped with CARVESMART jaws with standard hard jaw plates installed and a second set of machinable aluminum jaw plates.
Krones Expands With Acquisition of U.S. Ampco Pumps Co.
Krones has signed an agreement to acquire 90% of Ampco Pumps Company, LLC. Based in Wisconsin, USA, Ampco Pumps supplies sanitary pumps and applied products like mixing and blending equipment to the food, beverage, dairy processing, personal care, and pharmaceutical markets.
In the 2022 fiscal year, Ampco Pumps generated a workforce of more than 130 employees and a revenue of approx. US$50 million and a high EBITDA margin. The transaction will increase the profitability margin of the “Process Technology” segment as well as the group margin of Krones. Current Ampco management will remain and will continue to hold 10% of the shares of Ampco. Krones has the option to buy the 10% of the shares in the future.
With Ampco Pumps and Evoguard Valve Technology Krones has now a broad portfolio of all key components for the processing technology market.
MiddleGround Capital Acquires Advantage Metal Products
MiddleGround Capital, a private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, has acquired Advantage Metal Products (AMP), a provider of high-precision metal products, as an add-on for its Megatech platform. Megatech was acquired by MiddleGround in January earlier this year.
Headquartered in Québec, Megatech is a new advanced manufacturing platform investment focused on highly complex and precise prototyping and low-volume production parts.
Founded in 1988 and based in Livermore, CA, Advantage Metal Products provides precision sheet metal fabrication, CNC machining, and other services including assembly, automated powder coating, and batch coating. AMP focuses on high-complexity products with low production volumes for customers located in attractive, high-growth markets across North America.
“Since the inception of our firm in the late 1980s, we’ve been recognized as a leader in the precision metal and machining industry with a strong end-to-end suit of production capabilities and ability to deliver tailored complex solutions,” said Mike Segundo and Phil Segundo, Co-Founders of AMP serving as CEO and Vice President of Sales, respectively.
AMP has an established 30+ year track record serving customers located in high-growth markets given its presence in the Silicon Valley area. The Company focuses on the homeland security, semiconductor, medical, robotics, and aerospace & defense sectors.
“The addition of AMP’s product offerings to the existing Megatech platform allows us to introduce complementary precision sheet metal fabrication offerings as well as expand our geographical reach to technologically-advanced customers with complex production needs," said Marty Sjoquist, Director, Investment Team at MiddleGround.