Honeywell Mergers and Acquisitions Summary

DiversifiedCompany

Honeywell has acquired 83 companies, including 11 in the last 5 years. A total of 16 acquisitions came from private equity firms. It has also divested 8 assets.

Honeywell’s largest acquisition to date was in 1999, when it acquired Allied Signal for $13.8B. It’s largest disclosed sale occurred in 2016, when it sold Honeywell Technology Solutions to KBR for $300M. Honeywell has acquired in 27 different US states, and 13 countries. The Company’s most targeted sectors include manufacturing (13%) and technology hardware (12%).

Join Mergr and gain access to Honeywell’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the diversified sector.

M&A Summary

  • M&A Total Activity87
    • M&A Buy Activity79
    • M&A Sell Activity8
  • Total Sectors Invested 22
  • Total Countries Invested 13
  • M&A Buy/Sell Connections 31
  • M&A Advisors 4

Honeywell

Honeywell International, Inc.

855 South Mint Street,
Charlotte, North Carolina 28202
United States,
(704) 627-6200
www.honeywell.com

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.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (1.8/yr) # 70 2 3 3 - 1 79
vol $47.2B $1.3B $670M $49.1B
Sell (0.2/yr) # 7 - - 1 - - 8
vol $302M $230M $532M
  87

Most Recent M&A

Company Date Value Type
Compressor Controls Corp. 2023-04-26 670M USD Divestiture
Des Moines, Iowa · www.cccglobal.com
US Digital Designs, Inc. 2021-12-13 - Add-on Acquisition
Tempe, Arizona · www.stationalerting.com
Performix, Inc. 2021-09-27 - Add-on Acquisition
Houston, Texas · www.performixinc.com
Fiplex Communications, Inc. 2021-03-10 - Add-on Acquisition
Miami, Florida · www.fiplex.com
Honeywell International, Inc. - Lifestyle And Performance Footwear Business 2021-01-25 230M USD Divestiture
Charlotte, New Jersey
Sparta Systems, Inc. 2020-12-22 1.3B USD Add-on Acquisition
Hamilton, New Jersey · www.spartasystems.com
Sine Group 2020-12-14 - Add-on Acquisition
Adelaide, Australia · www.sine.co
Rocky Research 2020-10-07 - Add-on Acquisition
Boulder City, Nevada · www.rockyresearch.com
Rebellion Photonics, Inc. 2019-12-16 - Add-on Acquisition
Houston, Texas · www.rebellionphotonics.com
TruTrak Flight Systems 2019-07-24 - Add-on Acquisition
Springdale, Arizona · www.trutrakflightsystems.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Allied Signal, Inc. 1999-06-07 UOP LLC 2005-12-01 1
Hebron, Kentucky · www.allied-signal.com Des Plaines, Illinois · www.uop.com
Matrikon, Inc.    - Matrikon Deutschland AG 2005-09-01 1
Edmonton, Alberta · www.matrikon.com Cologne, Germany · www.matrikon.de
Allied Signal, Inc. 1999-06-07 Johnson Matthey - Electronic Materials Division 1999-08-18 1
Hebron, Kentucky · www.allied-signal.com , United Kingdom
Prestone Products Corp. 1997-06-09 Holt Lloyd International Ltd 1997-11-18 1
Danbury, Connecticut · www.prestone.com Stretford, United Kingdom · www.holtsauto.com

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 10 (13%) 1.0B (2%) - -
Technology Hardware 9 (11%) 1.6B (3%) - -
Software 8 (10%) 1.3B (3%) - -
Aerospace 6 (8%) - 1 (13%) -
Electrical Equipment 6 (8%) 268M (1%) 1 (13%) -
Electronics 4 (5%) 1.1B (2%) 1 (13%) 2M (< 1%)
Safety/Security 4 (5%) 2.0B (4%) - -
Chemicals 3 (4%) 118M (< 1%) 1 (13%) -
Information Technology 3 (4%) - 1 (13%) 300M (56%)
Communications 3 (4%) 491M (1%) - -
Internet Software and Services 3 (4%) 145M (< 1%) - -
Machinery 3 (4%) 2.0B (4%) - -
Test/Measurement Equipment 3 (4%) 5.4B (11%) - -
Business Services 2 (3%) 2.5B (5%) - -
Distribution 2 (3%) 825M (2%) - -
Energy Services and Equipment 2 (3%) 400M (1%) - -
Oil/Gas Exploration 2 (3%) 670M (1%) - -
Semiconductors 2 (3%) - - -
Life Science - - 2 (25%) -
Automotive 1 (1%) 13.8B (28%) - -
Consumer Products 1 (1%) 1.4B (3%) - -
Diversified 1 (1%) 13.8B (28%) - -
Transportation 1 (1%) 230M (< 1%) - -
Apparel/Textiles - - 1 (13%) 230M (43%)
Total 79 $49.1B 8 $532M

By Geo

State/Country Buy Value Sell Value
United States 52 37.1B 5 532M
  California 6 940M - -
  New Jersey 4 2.4B 2 230M
  Texas 5 - - -
  Washington 3 600M - -
  Illinois 3 825M - -
  Florida 3 185M - -
  Virginia 2 230M - -
  Oklahoma 2 - - -
  Ohio 2 1.5B - -
  New York 2 - - -
  Indiana 2 - - -
  Connecticut 2 - - -
  Arizona 2 - - -
  Wisconsin 1 - - -
  Utah 1 - - -
  Tennessee 1 - - -
  Rhode Island 1 1.2B - -
  Pennsylvania 1 - - -
  North Carolina 1 415M - -
  Nevada 1 - - -
  Minnesota 1 13.8B - -
  Michigan 1 - - -
  Massachusetts 1 - - -
  Kentucky 1 13.8B - -
  Iowa 1 670M - -
  Georgia 1 491M - -
  Maryland - - 1 300M
Canada 6 283M - -
  British Columbia 2 138M - -
  Alberta 2 145M - -
  Quebec 1 - - -
  Ontario 1 - - -
United Kingdom 5 3.0B 1 -
Germany 4 6.1B - -
Australia 2 480M - -
France 2 1.5B - -
Italy 1 - 1 -
Switzerland 2 130M - -
Austria 1 - - -
China 1 - - -
Ireland - - 1 -
  Delaware - - 1 -
Netherlands 1 260M - -
Singapore 1 305M - -
South Korea 1 - - -
Domestic 52 (66%) 37.1B (75%) 5 (63%) 532M (100%)
Cross-border 27 (34%) 12.1B (25%) 3 (38%) -
Total 79 $49.1B 8 $532M

Top M&A Advisors

Financial Deals
Northside Advisors LLC
6
Centerview Partners LLC
1
Legal Deals
Bingham McCutchen LLP
2
Crowell & Moring LLP
1

Deal Values

buy # Total
> $1B 8 $40.6B
$100M to $1B 21 $8.4B
< $100M 2 $138M
TOTAL $49.1B
Largest Allied Signal, Inc.
$13.8B (1999-06-07)
sell # Total
$100M to $1B 2 $530M
< $100M 1 $2M
TOTAL $532M
Largest Honeywell Technology Solutions, Inc.
$300M (2016-08-12)

M&A Connections

Deals
Acquired from
Investor(s)
15%
12 (15%)
Strategic(s)
13%
10 (13%)
Divested to
Investor(s)
13%
1 (13%)
Strategic(s)
63%
5 (63%)

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