Largest acquisitions in the equipment manufacturing industry in 2025

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Here's a blog post detailing the large acquisitions in the equipment sector for 2025, including the buyers, acquired companies, rationale behind the deals, and financial details:

 1. Herc Holdings Acquires H&E Equipment Services

- Purchase Price: $5.3 billion

- Rationale: Herc intended to scale its platform and accelerate growth by integrating H&E's operations.

- Details: Herc acquired all issued and outstanding shares of H&E's common stock for $78.75 per share in cash and additional shares, strengthening their position in North America's equipment rental market.

 2. Boeing Sells Digital Aviation Solutions Business to Thoma Bravo

- Sale Price: $10.55 billion

- Rationale: The sale aims to strengthen Boeing's capital structure and focus on its core operations.

- Details: The transaction involves significant parts of Boeing's digital solutions for aviation, diversifying Thoma Bravo's portfolio.

 3. CCA Financial Acquires Lease Portfolio from Macquarie Equipment Finance

- Transaction Details: Completed on March 21, 2025

- Rationale: CCA Financial expands its presence in North America, particularly enhancing its operations with a new Toronto office.

- Details: This acquisition involved a technology equipment lease portfolio, enhancing CCA's existing offerings.

 4. Honeywell Completes Acquisition of Sundyne

- Purchase Price: $2.16 billion

- Rationale: Honeywell aims to expand its process industry capabilities and integrate critical equipment with their ESS product portfolio.

- Details: This acquisition bolsters Honeywell's aftermarket services and positions them strategically in the equipment market.

 5. RB Global Acquires J.M. Wood Auction Co.

- Rationale: The acquisition aims to expand RB Global's presence, particularly in commercial construction and transportation markets.

- Details: This strategic acquisition helps integrate J.M. Wood's longstanding legacy and operations into RB Global's broader business structure.

These acquisitions reflect strategic positioning and growth efforts within the equipment sector, aiming to enhance operational capabilities and market reach.

This text relates to my new book “Automation of Mergers and Acquisitions“.