Honeywell Acquires Compressor Controls for $670M, Boosting Earnings in Exciting Deal
Honeywell International announced that it will acquire Compressor Controls Corporation (CCC) for $670 million from private equity firm Clayton, Dubilier & Rice and Roper Technologies. The purchase price is approximately 15 times CCC’s estimated 2023 earnings before interest, taxes, depreciation, and amortization (EBITDA) of $44.7 million. Honeywell expects the acquisition to provide immediate earnings growth […]