M&A Deal Summary

Honeywell Acquires Sundyne

On March 4, 2025, Honeywell acquired machinery company Sundyne from Warburg Pincus for 2.2B USD

Acquisition Highlights
  • This is Honeywell’s 4th transaction in the Machinery sector.
  • This is Honeywell’s 6th largest (disclosed) transaction.
  • This is Honeywell’s 57th transaction in the United States.
  • This is Honeywell’s 1st transaction in Colorado.

M&A Deal Summary

Date 2025-03-04
Target Sundyne
Sector Machinery
Buyer(s) Honeywell
Sellers(s) Warburg Pincus
Deal Type Add-on Acquisition
Deal Value 2.2B USD

Target

Sundyne

Arvada, Colorado, United States
Sundyne is a manufacturer of precision-engineered, highly reliable, safe, and efficient centrifugal pumps and compressors for use in the hydrocarbon processing, chemical processing, power generation, industrial, and high-pressure water applications. Sundyne was established in 1970 and is based in Arvada, Colorado.

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Buyer(S) 1

Buyer

Honeywell

Charlotte, North Carolina, United States

Category Company
Founded 1885
Sector Diversified
Employees102,000
Revenue 38.5B USD (2024)
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 85 of 85
Sector (Machinery) 4 of 4
Type (Add-on Acquisition) 65 of 65
State (Colorado) 1 of 1
Country (United States) 57 of 57
Year (2025) 1 of 1
Size (of disclosed) 6 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-22 Honeywell - Personal Protective Equipment

Charlotte, North Carolina, United States

Honeywell's Personal Protective Equipment business is a global provider of PPE for industrial workers, offering a comprehensive and differentiated product portfolio that serves a diverse and resilient set of growing customers and end markets.

Sell $1.3B

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 254 of 255
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 90 of 91
State (Colorado) 7 of 7
Country (United States) 140 of 141
Year (2025) 3 of 4
Size (of disclosed) 11 of 64
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-03 ModMed

Boca Raton, Florida, United States

ModMed is a provider of specialty-specific health information technology. Its flagship product, the EMA, is a cloud-based, specialty-specific EHR system. The company’s suite of products also includes practice management and revenue cycle management solutions as well as telehealth for dermatology and analytics. ModMed was founded in 2009 and is based in Boca Raton, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-12 Beacon

New York, New York, United States

Beacon is a cloud-based platform for quant development that enables users to build custom trading and risk management applications. The integrated development environment and a web application framework make developing applications faster and easier. Beacon was founded in 2014 and is based in New York, New York.

Sell -