M&A Deal Summary

Dover Acquires Systech International

On January 6, 2020, Dover acquired software company Systech International from Dubilier & Co.

Acquisition Highlights
  • This is Dover’s 2nd transaction in the Software sector.
  • This is Dover’s 29th transaction in the United States.
  • This is Dover’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2020-01-06
Target Systech International
Sector Software
Buyer(s) Dover
Sellers(s) Dubilier & Co.
Deal Type Add-on Acquisition

Target

Systech International

Princeton, New Jersey, United States
Sys-Tech Solutions, Inc. is a provider of software and solutions for product traceability, regulatory compliance and brand protection. Systech offers a unique integrated Brand Protection Suite™ for compliance and brand protection applications, including serialization, traceability, anti-counterfeiting and anti-diversion solutions, which help pharmaceutical and FMCG manufacturers to meet evolving product traceability regulations and growing consumer demand for product safety, security and authenticity. Sys-Tech Solutions, Inc. was founded in 1985 and is based in Princeton, New Jersey.

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Buyer(S) 1

Buyer

Dover

Downers Grove, Illinois, United States

Category Company
Founded 1947
Sector Machinery
Employees24,000
Revenue 7.7B USD (2024)
DESCRIPTION
Dover's corporate headquarters in Downers Grove, Illinois.
Dover's corporate headquarters in Downers Grove, Illinois.

Dover is a diversified manufacturer of industrial products. Dover delivers innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover was founded in 1947 and is based in Downers Grove, Illinois.


DEAL STATS #
Overall 38 of 62
Sector: Software M&A 2 of 5
Type: Add-on Acquisition M&A Deals 36 of 58
State: New Jersey M&A 1 of 1
Country: United States M&A 29 of 42
Year: 2020 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 All-Flo Pump Co.

Mentor, Ohio, United States

All-Flo Pump Co. is a growing manufacturer of specialty air-operated double-diaphragm ("AODD") pumps used in a wide range of industrial applications to transfer viscous, abrasive and hazardous fluids, sludges and slurries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 Soft-Pak

San Diego, California, United States

Soft-Pak is a provider of software solutions for waste and recycling fleets. Soft-Pak software enables business-critical back-office operations crucial for waste hauling fleets, such as billing for collection and disposal, performing customer service and support, managing service contracts, dispatching trucks, modifying routes, and making payments with features tailored to the unique needs of the waste and recycling industries. Soft-Pak is based in San Diego, California.

Buy -

Seller(S) 1

SELLER

Dubilier & Co.

Stamford, Connecticut, United States

Category Private Equity Firm
Founded 1994
Size Small
Type Sector Agnostic
DESCRIPTION

Dubilier & Co. is a private equity firm that seeks investments in smaller middle-market companies. Transaction situations of interest include shareholder liquidity needs, growth capital financings, non-core divestitures, underperforming enterprises, and strategic/financial partnerships. While Dubilier will consider opportunities in a broad range of sectors, the firm has a special interest in media companies. Dubilier was formed in 1994 by Michael Dubilier, son of Martin Dubilier who co-founded mega private equity firm Clayton, Dubilier & Rice. Dubilier & Co. is based in Stamford, Connecticut.


DEAL STATS #
Overall 10 of 10
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 7 of 7
State: New Jersey M&A 1 of 1
Country: United States M&A 10 of 10
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-28 Bluegrass Ingredients

Springfield, Kentucky, United States

Bluegrass Ingredients is a processor of custom, value-added dairy ingredients for the food and beverage industry. Bluegrass sources raw milk from dairy farmers and processes it into a wide range of intermediate and shelf stable goods such as dry milk and cheese powders, non-dairy creamers, shortening powders, cheese, and specialty butters. Bluegrass Ingredients was established in 1995 and is based in Springfield, Kentucky.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Carter + Clark

Lawrenceville, Georgia, United States

Carter + Clark is a nationwide land surveying company specializing in “production builder services”. Carter + Clark was founded in 1975 and is based in Lawrenceville, Georgia.

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