Honeywell to Buy Sundyne to Boost Critical Equipment Portfolio

Honeywell International Inc. (HON) has inked a deal to acquire Sundyne from private equity firm Warburg Pincus for $2.16 billion in cash. The deal value is equivalent to 14.5x 2024 EBITDA (tax-adjusted basis). Based in Arvada, CO, Sundyne is engaged in designing and manufacturing pumps and compressors for industries including energy, chemical and petrochemical as well as industrial sectors. The company currently employs 1,000 personnel.Acquisition Rationale of HoneywellThe latest buyout is in sync with Hone ...