Honeywell International Inc. said Wednesday it will pay $670 million to buy Compressor Controls Corp. from private equity firm Clayton, Dubilier & Rice and...
Honeywell International Inc. HON said Wednesday it will pay $670 million to buy Compressor Controls Corp. from private equity firm Clayton, Dubilier & Rice and Roper Technologies Inc. ROP. Honeywell said the purchase price is about 15 times Compressor Controls Corp.’s estimated 2023 earnings before interest, taxes, depreciation and amortization of about $44.7 million.
HON said Wednesday it will pay $670 million to buy Compressor Controls Corp. from private equity firm Clayton, Dubilier & Rice and Roper Technologies Inc. ROP . Honeywell said the purchase price is about 15 times Compressor Controls Corp.’s estimated 2023 earnings before interest, taxes, depreciation and amortization of about $44.7 million. Honeywell said it expects the acquisition to immediately add to earnings after it closes as expected in the second half of 2023.
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