Operating Company Energy

OPW Clean Energy Solutions

Elon, North Carolina, United States

OPW Clean Energy Solutions (OPW CES) is a global provider of engineered cryogenic equipment, fluid-handling systems, and infrastructure solutions supporting clean-energy and industrial gas markets. Formed through Dover’s OPW CES platform expansions, OPW CES delivers highly engineered cryogenic valves, vacuum-insulated piping systems, vaporizers, bayonets, hoses, manifolds, pressure-building systems, and related components and field services across brands such as ACME Cryogenics, RegO Products, CPC-Cryolab, Demaco, and SPS-SGS.

Focus Areas
Cryogenic piping systems, Vacuum-insulated piping, Industrial gas equipment
Website
www.opwces.com

Tracked deals

15

15 tracked deals across 2020-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

14 buyout · 1 addon

OPW Clean Energy Solutions Acquisition Volume by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for OPW Clean Energy Solutions. 1 2020 5 2021 1 2022 5 2024 3 2025

Supporting Data

Recent Transactions

Showing the 12 most recent of 15 tracked deals for OPW Clean Energy Solutions.

  • Buyer
    Dover Corporation, Pump Solutions Group (PSG)
    Target
    ipp Pump Products GmbH
    Industry
    Manufacturing
    Location
    Lower Saxony, Germany
    Type
    Buyout

    Dover Corporation has acquired ipp Pump Products GmbH, a Bersenbrück, Germany-based manufacturer of sanitary and hygienic pump technologies, which will join Dover's Pump Solutions Group (PSG) within the Pumps & Process Solutions segment. The purchase expands Dover/PSG's capabilities in hygienic applications serving food & beverage, cosmetics, pharmaceuticals and other mission-critical end markets; terms were not disclosed.

  • Buyer
    Dover Corporation
    Target
    SIKORA AG
    Location
    Germany
    Type
    Buyout

    Dover Corporation completed its previously announced acquisition of SIKORA AG for €550 million in cash, subject to customary adjustments. SIKORA will become part of Dover’s MAAG operating unit within the Pumps & Process Solutions segment.

  • Buyer
    Dover Corporation
    Target
    Cryogenic Machinery Corp.
    Industry
    Manufacturing
    Type
    Buyout

    Dover Corporation has acquired Cryogenic Machinery Corp. (Cryo-Mach), a designer and manufacturer of cryogenic centrifugal pumps, seals and accessories. The business will join Dover's PSG organization within the Pumps & Process Solutions segment to expand Dover's capabilities and presence in the cryogenic end market serving industrial gas and transportation applications; terms were not disclosed.

  • Buyer
    Dover Corporation
    Target
    Criteria Labs, Inc.
    Type
    Buyout

    Dover Corporation has acquired Criteria Labs, an Austin-based provider of RF device and microelectronic engineering, assembly and testing services. The business will join Dover's Microwave Products Group within its Engineered Products segment to expand capabilities for size, weight and power (SWaP)-sensitive applications across aerospace, defense, semiconductor, automotive and medical end markets.

  • Buyer
    Dover, OPW CES
    Target
    SPS Cryogenics B.V., Special Gas Systems B.V.
    Industry
    Manufacturing
    Location
    North Holland, Netherlands
    Type
    Addon

    Dover (through its OPW CES platform) has acquired SPS Cryogenics B.V. and its affiliated business Special Gas Systems B.V., both based in Heerhugowaard, the Netherlands. The acquisition expands OPW CES's cryogenic vacuum‑insulated piping and gas systems capabilities and strengthens Dover's European presence to support growing demand in clean energy and industrial gas markets.

  • Buyer
    Dover Corporation, OPW Global (OPW Clean Energy Solutions / OPW)
    Target
    Marshall Excelsior Company
    Industry
    Manufacturing
    Type
    Buyout

    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.

  • Buyer
    Dover, Dover Fueling Solutions (DFS)
    Target
    Bulloch Technologies, Inc.
    Industry
    Software
    Location
    Ontario, Canada
    Type
    Buyout

    Dover (NYSE: DOV) has completed the acquisition of Bulloch Technologies, Inc., a Canada-based provider of point-of-sale, forecourt controller, and electronic payment server solutions, for CAD150 million plus contingent consideration. Bulloch will join Dover Fueling Solutions (DFS) within Dover's Clean Energy & Fueling segment to expand DFS's digital and POS capabilities and support Bulloch's U.S. expansion using Dover's sales and service infrastructure.

  • Buyer
    Dover Corporation (OPW Vehicle Wash Solutions)
    Target
    Transchem Group (Transchem Inc.)
    Industry
    Manufacturing
    Location
    Ontario, Canada
    Type
    Buyout

    Dover (through its OPW business unit) acquired Transchem Group, a Canadian supplier of car wash chemistry, water reclaim systems, and related solutions. Transchem’s brands and technology—such as Turtle Wax Pro, True Vue 2 chemical management, ClearWash water reclaim, and Digital Mosaic—are being integrated into OPW’s Vehicle Wash Solutions portfolio.

  • Buyer
    Dover Corporation
    Target
    Malema Engineering Corporation
    Industry
    Manufacturing
    Type
    Buyout

    Dover Corporation has agreed to acquire Malema Engineering Corporation, a designer and manufacturer of high-precision flow-measurement and control instruments, for $225 million in cash plus up to $50 million in contingent consideration. Malema, based in Boca Raton, Florida, will join Dover’s PSG business unit and expand Dover’s single-use bioprocessing offerings while strengthening its presence in semiconductor and industrial end markets.

  • Buyer
    OPW Clean Energy Solutions (a Dover company)
    Target
    Acme Cryogenics, Inc.
    Seller
    Graham Partners
    Industry
    Manufacturing
    Type
    Buyout

    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.

  • Buyer
    Dover Corporation
    Target
    Acme Cryogenics, Inc., Engineered Controls International, LLC (RegO)
    Seller
    Windjammer Capital
    Industry
    Manufacturing
    Type
    Buyout

    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.

  • Buyer
    Dover Corporation
    Target
    The Espy Corporation
    Type
    Buyout

    Dover Corporation has completed the acquisition of The Espy Corporation, a developer and manufacturer of radio frequency (RF) signal intelligence (SIGINT) systems and integrated software. Espy will join Dover’s Microwave Products Group within the Engineered Products segment to expand Dover’s RF sensing, geolocation and machine‑learning capabilities for defense and other markets.

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