EnPro Mergers and Acquisitions Summary

MachineryCompany

EnPro has acquired 25 companies, including 5 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 7 assets.

EnPro’s largest acquisition to date was in 2020, when it acquired Alluxa for $255M. It’s largest disclosed sale occurred in 2019, when it sold Fairbanks Morse to Arcline Investment Management for $450M. EnPro has acquired in 9 different US states, and 5 countries. The Company’s most targeted sectors include manufacturing (32%) and energy services and equipment (24%).

Join Mergr and gain access to EnPro’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 Activity32
    • M&A Buy Activity25
    • M&A Sell Activity7
  • Total Sectors Invested 7
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 10
  • M&A Advisors 5

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 ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.8/yr) # 21 1 - 2 1 - 25
vol $255M $255M
Sell (1.0/yr) # 2 - - 1 2 2 7
vol $190M $450M $40M $680M
  32

Most Recent M&A

Company Date Value Type
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
EnPro Industries, Inc. - Goodyear Air Springs 2020-08-04 - Divestiture
Fairlawn, Ohio
Fairbanks Morse LLC 2019-12-12 450M USD Divestiture
Beloit, Wisconsin · www.fairbanksmorse.com
LeanTeq Co., Ltd. 2019-07-22 - Add-on Acquisition
Taoyuan City, Taiwan · www.leanteq.com.tw
The Aseptic Group 2019-07-02 - Add-on Acquisition
Limonest, France · www.asepticprocess.fr
Qualiseal Technology, Inc. 2017-06-01 - Divestiture
Harwood Heights, Illinois · www.qualiseal.com
Rubber Fab Gasket & Molding, Inc. 2016-04-25 - Add-on Acquisition
Sparta, New Jersey · www.rubberfab.com
View All >>

Business Unit M&A

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

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 8 (32%) 255M (100%) 2 (29%) -
Machinery 5 (20%) - 2 (29%) 640M (94%)
Energy Services and Equipment 6 (24%) - - -
Automotive 1 (4%) - 2 (29%) 40M (6%)
Distribution 2 (8%) - - -
Metals/Mining 2 (8%) - - -
Chemicals 1 (4%) - - -
Plastics - - 1 (14%) -
Total 25 $255M 7 $680M

By Geo

State/Country Buy Value Sell Value
United States 19 255M 7 680M
  Texas 4 - 3 40M
  California 4 255M - -
  Michigan 2 - 1 -
  Florida 2 - - -
  Colorado 2 - - -
  Illinois 2 - - -
  New Jersey 1 - - -
  Massachusetts 1 - - -
  Georgia 1 - - -
  Alabama - - 1 190M
  Wisconsin - - 1 450M
  Ohio - - 1 -
Canada 3 - - -
  Alberta 3 - - -
China 1 - - -
France 1 - - -
Taiwan 1 - - -
Domestic 19 (76%) 255M (100%) 7 (100%) 680M (100%)
Cross-border 6 (24%) - - -
Total 25 $255M 7 $680M

Top M&A Advisors

Financial Deals
Fidus Partners LLC
1
GCA Altium Ltd.
1
Daiwa Corporate Advisory Ltd. (DC Advisory)
1
Legal Deals
Robinson Bradshaw & Hinson PA
3
Gibson, Dunn & Crutcher LLP
1

Deal Values

buy # Total
$100M to $1B 1 $255M
TOTAL $255M
Largest Alluxa, Inc.
$255M (2020-09-28)
sell # Total
$100M to $1B 2 $640M
< $100M 1 $40M
TOTAL $680M
Largest Fairbanks Morse LLC
$450M (2019-12-12)

M&A Connections

Deals
Acquired from
Investor(s)
8%
2 (8%)
Strategic(s)
4%
1 (4%)
Divested to
Investor(s)
57%
4 (57%)
Strategic(s)
43%
3 (43%)

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