Dover (OPW Global) Acquires Marshall Excelsior Company for $395M
July 23, 2024
Dover Corporation has acquired Marshall Excelsior Company (MEC) for $395 million in cash; MEC will be integrated into Dover's OPW Global operating unit within the Clean Energy & Fueling segment. Marshall Excelsior, headquartered in Marshall, Michigan, supplies mission-critical flow control components for LPG and cryogenic markets and generated approximately $120 million in revenue in 2023.
- Buyers
- Dover Corporation, OPW Global (OPW Clean Energy Solutions / OPW)
- Targets
- Marshall Excelsior Company
- Industry
- Manufacturing
- Location
- Michigan, United States
- Transaction Type
- Buyout
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Marshall Excelsior (Harbour Group) Acquires Specialty Valve Group, LLC
June 9, 2022
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Marshall Excelsior Company, a Harbour Group portfolio company, acquired Specialty Valve Group, LLC (SVG), the U.S. exclusive distributor for Xanik, to provide direct access to Xanik's U.S. customer base and add a domestic warehouse. SVG, founded in 2010 and based in Houston, will be integrated into the MEC platform to accelerate growth; terms were not disclosed.
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Marshall Excelsior Acquires Assets of CPC-Cryolab and Rockwood Swendeman
January 20, 2021
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Marshall Excelsior Company, a Harbour Group portfolio company, acquired the assets of CPC-Cryolab and Rockwood Swendeman, two Tampa-based manufacturers of cryogenic valves and safety relief valves. The asset purchase expands MEC's cryogenics capabilities and broadens its served end markets, positioning MEC to build a cryogenic platform within Harbour Group's manufacturing portfolio.
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Marshall Excelsior Acquires Certain Assets of Hurricane Products
May 13, 2021
Manufacturing
Marshall Excelsior Company (a Harbour Group portfolio company) acquired certain assets of Ken Larsen, Inc., which does business as Hurricane Products, a Valencia, California-based manufacturer of regulators sold primarily into the RV and camping equipment markets. The deal expands MEC's regulator product offering and provides direct access to RV/camping end markets; terms were not disclosed.
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Marshall Excelsior (Harbour Group) Acquires Xanor de México (Xanik)
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OPW Clean Energy Solutions (Dover) Acquires Acme Cryogenics from Graham Partners
December 22, 2021
Manufacturing
OPW Clean Energy Solutions, a Dover company, has acquired Acme Cryogenics from Graham Partners. Acme Cryogenics, headquartered in Allentown, Pennsylvania, is a manufacturer of cryogenic equipment and provider of field services serving end markets including the hydrogen economy, healthcare, and food & beverage; Graham Partners said the sale follows significant revenue and EBITDA growth and successful value-creation initiatives during its ownership.
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Dover Corporation Acquires Engineered Controls International (RegO) and Acme Cryogenics
December 16, 2021
Manufacturing
Dover Corporation has agreed to acquire Engineered Controls International, LLC (RegO) from Windjammer Capital for $631 million in cash and has completed the acquisition of Acme Cryogenics, Inc. for $295 million in cash. Both businesses will join Dover's OPW Global operating unit within its Fueling Solutions segment to expand Dover's capabilities in cryogenic, LNG, LPG and other clean-fuel applications.
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