Dover - M&A Summary and Business Overview

MachineryCompany

Dover M&A Summary

Dover has acquired 58 companies, including 19 in the last 5 years. A total of 17 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 22 different US states, and 10 countries. The Company’s most targeted sectors include manufacturing (30%) and machinery (21%).

Dover Business Overview

Where is Dover headquartered?

Dover is headquartered in Downers Grove, Illinois.

What is Dover’s revenue?

Dover disclosed revenue of 8,508M USD for 2022 and 7,907M USD for 2021.

How many employees does Dover have?

Dover has 25,000 employees.

What sector is Dover in?

Dover is a machinery company.

When was Dover founded?

Dover was founded in 1947.

M&A Summary

  • M&A Total Activity81
    • M&A Buy Activity54
    • M&A Sell Activity27
  • Total Sectors Invested 13
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 45
  • M&A Advisors 5

Dover

Dover Corp.

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

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (3.4/yr) # 37 5 7 2 1 2 54
vol $4.8B $295M $530M $114M $5.7B
Sell (0.0/yr) # 27 - - - - - 27
vol $2.4B $2.4B
  81

Most Recent M&A

Company Date Value Type
Bulloch Technologies, Inc. 2024-01-31 114M CAD Add-on Acquisition
Mississauga, Ontario · www.bullochtech.com
Transchem, Inc. 2024-01-17 - Add-on Acquisition
Cambridge, Ontario · www.transchem.com
FW Murphy Production Controls, LLC 2023-10-04 530M USD Divestiture
Rosenberg, Texas · www.fwmurphy.com
Malema Engineering Corp. 2022-05-09 - Add-on Acquisition
Boca Raton, Florida · www.malema.com
Boivin Evolution - Intellectual Property 2022-04-06 - Divestiture
Levis, Quebec
ECI LLC 2021-12-16 - Add-on Acquisition
Elon, North Carolina · www.regoproducts.com
ACME Cryogenics, Inc. 2021-12-16 295M USD Add-on Acquisition
Allentown, Pennsylvania · www.acmecryo.com
LIQAL B.V. 2021-10-15 - Add-on Acquisition
Breda , Netherlands · www.liqal.com
The Espy Corp. 2021-09-15 - Add-on Acquisition
, United States · www.espy.com
CDS Visual, Inc. 2021-07-26 - Add-on Acquisition
San Jose, California · www.cdsvisual.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
Hill Phoenix, Inc. 1993-01-01 Hill Phoenix, Inc. - Walk-Ins Business 2015-12-07 1
Conyers, Georgia · www.hillphoenix.com Conyer, Georgia
Maag Group 2012-03-13 Pouttu Oy 2013-03-06 2
Grossostheim
, Germany · www.maag.com Kannus, Finland · www.pouttu.fi
Neptune Chemical Pump Co., Inc. 2008-04-11 Waters Equipment 2011-02-01 1
Lansdale, Pennsylvania , United States · www.watersequipment.com
Anthony, Inc.    - Trausch Industries, Inc. 2010-03-03 3
Sylmar, California · www.anthonyintl.com Audubon, Iowa
Hill Phoenix, Inc. 1993-01-01 Tyler Refrigeration 2009-05-08 3
Conyers, Georgia · www.hillphoenix.com Niles, Michigan

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 11 (20%) 780M (14%) 11 (41%) 1.6B (64%)
Manufacturing 16 (30%) 2.1B (36%) 2 (7%) 93M (4%)
Technology Hardware 5 (9%) - 3 (11%) 185M (8%)
Electrical Equipment 3 (6%) - 3 (11%) -
Energy Services and Equipment 4 (7%) 1.1B (18%) - -
Software 4 (7%) 153M (3%) - -
Automotive 2 (4%) 325M (6%) 2 (7%) -
Aerospace 2 (4%) 68M (1%) 1 (4%) 500M (21%)
Semiconductors - - 3 (11%) 110M (5%)
Chemicals 2 (4%) - - -
Test/Measurement Equipment 2 (4%) 530M (9%) - -
Electronics 1 (2%) 750M (13%) 1 (4%) -
Communications 1 (2%) - - -
Internet Software and Services 1 (2%) - - -
Safety/Security - - 1 (4%) -
Total 54 $5.7B 27 $2.4B

By Geo

State/Country Buy Value Sell Value
United States 38 4.4B 22 2.2B
  Florida 5 - 2 185M
  California 4 602M 2 -
  Texas 4 2.1B 1 -
  Ohio 3 - 2 -
  Pennsylvania 3 295M - -
  Georgia 2 - 1 -
  Michigan 1 - 2 -
  Arizona 1 68M 1 500M
  Oregon 1 325M 1 -
  North Carolina 1 - 1 160M
  New York 1 - 1 1.1B
  Missouri 1 - 1 -
  Iowa 1 - 1 290M
  Illinois 1 750M 1 -
  Colorado 1 220M - -
  Alabama 1 - - -
  Wisconsin 1 13M - -
  Utah 1 - - -
  Tennessee 1 - - -
  New Jersey 1 - - -
  Minnesota 1 - - -
  Arkansas - - 1 -
  South Carolina - - 1 -
  Kentucky - - 1 -
Germany 4 321M 1 80M
Canada 4 114M - -
  Ontario 2 114M - -
  Quebec 1 - - -
  Alberta 1 - - -
France 2 39M 1 -
Switzerland - - 2 30M
Australia 1 - - -
Austria 1 855M - -
Denmark 1 - - -
Italy 1 - - -
Netherlands 1 - - -
Poland 1 - - -
United Kingdom - - 1 93M
Domestic 38 (70%) 4.4B (77%) 22 (81%) 2.2B (92%)
Cross-border 16 (30%) 1.3B (23%) 5 (19%) 203M (8%)
Total 54 $5.7B 27 $2.4B

Top M&A Advisors

Financial Deals
Lincoln International
7
Lazard Ltd.
3
Liger Capital Advisors, Inc.
1
Legal Deals
Debevoise & Plimpton
1

Deal Values

buy # Total
$100M to $1B 12 $5.6B
< $100M 3 $120M
TOTAL $5.7B
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
Investor(s)
24%
13 (24%)
Strategic(s)
7%
4 (7%)
Divested to
Investor(s)
30%
8 (30%)
Strategic(s)
67%
18 (67%)

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