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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