
Honeywell (NASDAQ: HON) has agreed to acquire Sundyne LLC from private equity firm Warburg Pincus for $2.16 billion in an all-cash transaction. This acquisition, representing approximately 14.5x 2024 EBITDA on a tax-adjusted basis, aims to enhance Honeywell’s Energy and Sustainability Solutions business segment. With approximately 1,000 employees and a significant recurring aftermarket revenue, Sundyne is…