Honeywell to acquire compressor controls corporation, driving the energy transition through leading automation and controls portfolio

Compressor control corporation technologies combined with honeywell's forge offering to deliver the most comprehensive asset performance management capability in the industry combined installed base with honeywell process solutions creates the world's largest operating fleet of critical process machinery new carbon capture, utilization, and sequestration solutions further honeywell's high growth sustainability portfolio 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-closing charlotte, n.c. , april 26, 2023 /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.
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