EnPro - M&A Summary and Business Overview

MachineryCompany

EnPro M&A Summary

EnPro has acquired 26 companies, including 4 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 9 assets.

EnPro’s largest acquisition to date was in 2021, when it acquired NxEdge for $850M. It’s largest disclosed sale occurred in 2019, when it sold Fairbanks Morse to Arcline Investment Management for $450M. EnPro has acquired in 10 different US states, and 5 countries. The Company’s most targeted sectors include manufacturing (31%) and energy services and equipment (24%).

EnPro Business Overview

Where is EnPro headquartered?

EnPro is headquartered in Charlotte, North Carolina.

What is EnPro’s revenue?

EnPro disclosed revenue of 1,059M USD for 2023 and 1,099M USD for 2022.

How many employees does EnPro have?

EnPro has 3,500 employees.

What sector is EnPro in?

EnPro is a machinery company.

When was EnPro founded?

EnPro was founded in 2002.

M&A Summary

  • M&A Total Activity35
    • M&A Buy Activity26
    • M&A Sell Activity9
  • Total Sectors Invested 8
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 13
  • M&A Advisors 8

EnPro

EnPro Industries, Inc.

5605 Carnegie Boulevard, Suite 500,
Charlotte, North Carolina 28209
United States,
(704) 731-1500
www.enproindustries.com

EnPro is a provider of sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other engineered products. EnPro was founded in 2002 and is based in Charlotte, North Carolina.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 24 1 1 - - - 26
vol $255M $850M $1.1B
Sell (1.2/yr) # 3 2 2 1 1 - 9
vol $640M $40M $305M $985M
  35

Most Recent M&A

Company Date Value Type
GPT Industries 2023-01-30 - Divestiture
Wheat Ridge, Colorado · www.gptindustries.com
GGB Bearing Technology (Suzhou) Co., Ltd. 2022-09-06 305M USD Divestiture
Suzhou, China · www.ggbearings.com
NxEdge, Inc. 2021-11-05 850M USD Add-on Acquisition
Boise, Idaho · www.nxedge.com
Compressor Products International, Inc. 2021-10-12 - Divestiture
Stafford, Texas · www.cpicompression.com
Altamira Material Solutions 2021-09-07 - Divestiture
Houston, Texas · www.altamira-ms.com
Stemco Products, Inc. 2020-11-23 40M USD Divestiture
Longview, Texas · www.stemco.com
Alluxa, Inc. 2020-09-28 255M USD Add-on Acquisition
Santa Rosa, California · www.alluxa.com
Infinity Engineered Products 2020-08-04 - Divestiture
Fairlawn, Ohio · www.infinityairsprings.com
Fairbanks Morse LLC 2019-12-12 450M USD Divestiture
Beloit, Wisconsin · www.fairbanksmorsedefense.com
LeanTeq Co., Ltd. 2019-07-22 - Add-on Acquisition
Taoyuan City, Taiwan · www.leanteq.com.tw
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Garlock Sealing Technologies LLC    - W.L. Gore & Associates - ONE-UP Pump Diaphragm Business 2011-08-01 2
Palmyra, New York Elkton, Maryland
Garlock Sealing Technologies LLC    - W. L. Gore & Associates - ONE-UP® Pump Diaphragm 2011-08-01 1
Palmyra, New York Elkton, Maryland

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 8 (31%) 255M (23%) 4 (44%) 305M (31%)
Machinery 5 (19%) - 2 (22%) 640M (65%)
Energy Services and Equipment 6 (23%) - - -
Automotive 1 (4%) - 2 (22%) 40M (4%)
Distribution 2 (8%) - - -
Metals/Mining 2 (8%) - - -
Business Services 1 (4%) 850M (77%) - -
Chemicals 1 (4%) - - -
Plastics - - 1 (11%) -
Total 26 $1.1B 9 $985M

By Geo

State/Country Buy Value Sell Value
United States 20 1.1B 8 680M
  Texas 4 - 3 40M
  California 4 255M - -
  Michigan 2 - 1 -
  Colorado 2 - 1 -
  Illinois 2 - - -
  Florida 2 - - -
  New Jersey 1 - - -
  Massachusetts 1 - - -
  Idaho 1 850M - -
  Georgia 1 - - -
  Wisconsin - - 1 450M
  Ohio - - 1 -
  Alabama - - 1 190M
Canada 3 - - -
  Alberta 3 - - -
China 1 - 1 305M
France 1 - - -
Taiwan 1 - - -
Domestic 20 (77%) 1.1B (100%) 8 (89%) 680M (69%)
Cross-border 6 (23%) - 1 (11%) 305M (31%)
Total 26 $1.1B 9 $985M

Top M&A Advisors

Financial Deals
GCA Corp.
1
GCA Altium Ltd.
1
BofA Securities
1
Legal Deals
Robinson Bradshaw
6
Gibson, Dunn & Crutcher
1

Deal Values

buy # Total
$100M to $1B 2 $1.1B
TOTAL $1.1B
Largest NxEdge, Inc.
$850M (2021-11-05)
sell # Total
$100M to $1B 3 $945M
< $100M 1 $40M
TOTAL $985M
Largest Fairbanks Morse LLC
$450M (2019-12-12)

M&A Connections

Deals
Acquired from
Investor(s)
12%
3 (12%)
Strategic(s)
4%
1 (4%)
Divested to
Investor(s)
56%
5 (56%)
Strategic(s)
44%
4 (44%)

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