The acquisition also bolsters Honeywell's high growth sustainability portfolio with new carbon capture control solutions, where the same turbomachinery is used to achieve effective removal of CO2 from process plant emissions, and even from the Earth's atmosphere. The acquisition will be integrated into Honeywell's Process Solutions business and will strengthen Honeywell's leadership in industrial control, automation and process solutions, enabling customers to accelerate their energy transition. CCC is a leading provider of turbomachinery control and optimization solutions, including control hardware, software and services, and primarily serves the LNG, gas processing, refining and petrochemical segments.ĬCC's EBITDA margins are accretive to Honeywell, and Honeywell is expected to achieve a cash-basis return on investment of more than 15% by the fifth year that CCC is part of Honeywell.

Acquisition price of $670 million, representing ~15x 2023E EBITDA on a tax adjusted basis Expected to be immediately accretive to GAAP EPS and achieve ~15% cash-basis return on investment in fifth year post-closingĬHARLOTTE, N.C., Ap/PRNewswire/ - Honeywell (Nasdaq: HON) today announced it has agreed to acquire Compressor Controls Corporation (CCC) from INDICOR, LLC, which is owned by funds affiliated with private equity firm Clayton, Dubilier & Rice, LLC and Roper Technologies, Inc., for $670 million, which represents ~15x 2023E EBITDA on a tax adjusted basis, in an all-cash transaction.New carbon capture, utilization, and sequestration solutions further Honeywell's high growth sustainability portfolio.Combined installed base with Honeywell Process Solutions creates the world's largest operating fleet of critical process machinery.Compressor Control Corporation technologies combined with Honeywell's Forge offering to deliver the most comprehensive Asset Performance Management capability in the industry.

Moneywell aquistion