Dover Mergers and Acquisitions Summary

Machinery Company

Dover has acquired 44 companies, including 7 in the last 5 years. A total of 15 acquisitions came from private equity firms. It has also divested 27 assets.

Dover’s largest acquisition to date was in 2011, when it acquired NXP s Sound Solutions Business for $855M. It’s largest disclosed sale occurred in 1998, when it sold Dover - Elevator Business to ThyssenKrupp AG for $1.1B. Dover has acquired in 20 different US states, and 8 countries. The Company’s most targeted sectors include manufacturing (33%) and machinery (13%).

Join Mergr and gain access to Dover’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the machinery sector.

M&A Summary

  • M&A Total Activity67
    • M&A Buy Activity40
    • M&A Sell Activity27
  • Total Sectors Invested 13
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 42
  • M&A Advisors 5

Dover Corp.

3005 Highland Parkway,
Downers Grove, Illinois 60515
United States,
(630) 541-1540
www.dovercorporation.com

Dover Corp. 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 formed in 1947 and is based in Downers Grove, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (1.4/yr) # 33 1 1 - 2 3 40
vol $4.0B $780M $39M $4.8B
Sell (0.8/yr) # 23 2 2 - - - 27
vol $2.3B $160M $2.4B
  67

Most Recent M&A

Company Date Value Type
Em-tec GmbH 2020-03-17 - Add-on Acquisition
Finning, Germany · www.em-tec.com
Soft-Pak 2020-01-27 - Add-on Acquisition
San Diego, California · www.soft-pak.com
Sys-Tech Solutions, Inc. 2020-01-06 - Add-on Acquisition
Princeton, New Jersey · www.systechone.com
All-Flo Pump Co. 2019-05-07 - Add-on Acquisition
Mentor, Ohio · www.all-flo.com
Belanger, Inc. 2019-01-16 - Add-on Acquisition
Northville, Michigan · www.belangerinc.com
Warn Industries, Inc. 2017-10-23 - Divestiture
Clackamas, Oregon · www.warn.com
Caldera Graphics SAS 2017-04-05 39M EUR Add-on Acquisition
Strasbourg, France
Racing Winning Brands, Inc. 2017-02-14 - Divestiture
Mentor, Ohio · www.racewinningbrands.com
Tipper Tie, Inc. 2016-10-03 160M USD Divestiture
Apex, North Carolina · www.tippertie.com
Wayne Fueling Systems LLC 2016-06-09 780M USD Add-on Acquisition
Addison, Texas · www.wayne.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Pump Solutions Group    - Finder Pompe S.p.a. 2019-04-02 1
Downers Grove, Illinois Merate, Italy · www.finderpumps.com
Belvac Production Machinery, Inc.    - Rosario Handel BV 2018-01-16 1
Lynchburg, Virginia · www.belvac.com Dongen, Netherlands · www.rosario.nl
Maag Group 2012-03-13 Ettlinger Kunststoffmaschinen GmbH 2018-01-09 2
Grossostheim
, Germany · www.maag.com Königsbrunn, Germany · www.ettlinger.com
Hill Phoenix, Inc. 1993-01-01 Hill Phoenix, Inc. - Walk-Ins Business 2015-12-07 1
Conyers, Georgia · www.hillphoenix.com Conyer, Georgia
Dover Artificial Lift    - SPIRIT Global Energy Solutions, Inc. 2013-09-20 1
The Woodlands, Texas · www.doverals.com Midland, Texas · www.spiritenergysolutions.com
Accelerated Companies LLC    - DynaFlo Artificial Lift Systems 2013-06-27 2
The Woodlands, Texas · www.acceleratedproduction.com Skiatook, Oklahoma
Accelerated Companies LLC    - Five Star Equipment LLC 2013-06-27 1
The Woodlands, Texas · www.acceleratedproduction.com Ramona, Oklahoma
Maag Group 2012-03-13 Pouttu Oy 2013-03-06 1
Grossostheim
, Germany · www.maag.com Kannus, Finland · www.pouttu.fi
Anthony, Inc.    - Big Services, Inc. 2012-03-02 3
Sylmar, California · www.anthonyintl.com Crawford, Georgia · www.bigservicesusa.com
Neptune Chemical Pump Co., Inc. 2008-04-11 Waters Equipment 2011-02-01 1
Lansdale, Pennsylvania , United States · www.watersequipment.com

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 13 (33%) 1.8B (37%) 2 (7%) 93M (4%)
Machinery 5 (13%) 780M (16%) 8 (30%) 1.3B (52%)
Technology Hardware 4 (10%) - 3 (11%) 185M (8%)
Electrical Equipment 3 (8%) - 3 (11%) -
Energy Services and Equipment 4 (10%) 1.1B (22%) - -
Software 3 (8%) 39M (1%) - -
Aerospace 2 (5%) 68M (1%) 1 (4%) 500M (21%)
Automotive 1 (3%) 325M (7%) 2 (7%) -
Semiconductors - - 3 (11%) 110M (5%)
Construction 1 (3%) - 1 (4%) 290M (12%)
Consumer Products 1 (3%) - 1 (4%) -
Electronics 1 (3%) 750M (16%) 1 (4%) -
Chemicals 1 (3%) - - -
Test/Measurement Equipment 1 (3%) - - -
Engineering - - 1 (4%) -
Safety/Security - - 1 (4%) -
Total 40 $4.8B 27 $2.4B

By Geo

State/Country Buy Value Sell Value
United States 30 3.6B 22 2.2B
  Florida 4 - 2 185M
  Ohio 3 - 2 -
  California 3 602M 2 -
  Texas 3 1.6B 1 -
  Georgia 2 - 1 -
  Michigan 1 - 2 -
  Oregon 1 325M 1 -
  New York 1 - 1 1.1B
  Missouri 1 - 1 -
  Iowa 1 - 1 290M
  Illinois 1 750M 1 -
  Arizona 1 68M 1 500M
  Utah 1 - - -
  Tennessee 1 - - -
  Pennsylvania 1 - - -
  New Jersey 1 - - -
  Minnesota 1 - - -
  Colorado 1 220M - -
  Wisconsin 1 13M - -
  South Carolina - - 1 -
  North Carolina - - 1 160M
  Kentucky - - 1 -
  Arkansas - - 1 -
Germany 3 321M 1 80M
France 2 39M 1 -
Switzerland - - 2 30M
Australia 1 - - -
Austria 1 855M - -
Canada 1 - - -
  Alberta 1 - - -
Denmark 1 - - -
Italy 1 - - -
United Kingdom - - 1 93M
Domestic 30 (75%) 3.6B (75%) 22 (81%) 2.2B (92%)
Cross-border 10 (25%) 1.2B (25%) 5 (19%) 203M (8%)
Total 40 $4.8B 27 $2.4B

Top M&A Advisors

Financial Deals
Lincoln International
7
Lazard Ltd.
3
Goldman Sachs Investment Banking Division
1
Legal Deals
Debevoise & Plimpton LLP
1

Deal Values

buy # Total
$100M to $1B 9 $4.7B
< $100M 3 $120M
TOTAL $4.8B
Largest NXP's Sound Solutions Business
$855M (2011-07-05)
sell # Total
> $1B 1 $1.1B
$100M to $1B 4 $1.1B
< $100M 3 $203M
TOTAL $2.4B
Largest Dover - Elevator Business
$1.1B (1998-11-24)

M&A Connections

Deals %
Acquired from
PE Firm(s)
88%
15 88%
Strategic(s)
12%
2 12%
Divested to
PE Firm(s)
45%
14 45%
Strategic(s)
55%
17 55%

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