M&A Deal Summary

Honeywell Acquires Compressor Controls

On April 26, 2023, Honeywell acquired oil/gas exploration company Compressor Controls from Indicor for 670M USD

Acquisition Highlights
  • This is Honeywell’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Honeywell’s 14th largest (disclosed) transaction.
  • This is Honeywell’s 52nd transaction in the United States.
  • This is Honeywell’s 1st transaction in Iowa.

M&A Deal Summary
Date 2023-04-26
Target Compressor Controls
Sector Oil/Gas Exploration
Buyer(s) Honeywell
Sellers(s) Indicor
Deal Type Divestiture
Deal Value 670M USD

Target

Compressor Controls

Des Moines, Iowa, United States
Compressor Controls is a provider of Turbomachinery Train Optimization Services for the upstream, midstream and downstream Oil & Gas industry. Compressor Controls was founded in 1974 and is based in Des Moines, Iowa.

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Buyer(S) 1

Buyer

Honeywell

Charlotte, North Carolina, United States
Category Company
Founded 1885
Sector Diversified
Employees95,000
Revenue 36.7B USD (2023)
DESCRIPTION
Honeywell office in Hyderabad, India.
Honeywell office in Hyderabad, India.

Honeywell is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. Honeywell was founded in 1885 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 79 of 84
Sector (Oil/Gas Exploration) 2 of 3
Type (Divestiture) 9 of 12
State (Iowa) 1 of 1
Country (United States) 52 of 56
Year (2023) 1 of 3
Size (of disclosed) 14 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 US Digital Designs

Tempe, Arizona, United States

US Digital Designs offers a suite of hardware and software solutions including dispatching communication systems, illuminated speakers, messaging signs, and mobile monitoring and alerting tools to more than 2,000 fire stations. US Digital Designs was founded in 2000 and is based in Tempe, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-10 Honeywell International - Product Lines

Charlotte, North Carolina, United States

Honeywell International's Product Lines includes inertial, communication and navigation product lines based in Charlotte, North Carolina.

Sell -

Seller(S) 1

SELLER

Indicor

Charlotte, North Carolina, United States
Category Company
Founded 2022
Sector Business Services
DESCRIPTION

Indicor is a diversified industrial solutions company providing specialized, mission-critical products for industrial manufacturers. Indicor was founded in 2022 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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