M&A Deal Summary

Cincinnati Fan Acquires Strobic Air

On April 2, 2018, Cincinnati Fan acquired manufacturer Strobic Air from CECO Environmental

Acquisition Highlights
  • This is Cincinnati Fan’s 2nd transaction in the Manufacturing sector.
  • This is Cincinnati Fan’s 2nd transaction in the United States.
  • This is Cincinnati Fan’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2018-04-02
Target Strobic Air
Sector Manufacturing
Buyer(s) Cincinnati Fan
Sellers(s) CECO Environmental
Deal Type Divestiture

Target

Strobic Air

Landsdale, Pennsylvania, United States
Strobic Air Corp. is a manufacturer of specialty fume exhaust systems for pharmaceutical, university, hospital, public health, government, chemical, industrial, and other process industries. Strobic Air Corp. was founded in 1966 and is based in Lansdale, Pennsylvania.

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Buyer(S) 1

Buyer

Cincinnati Fan

Mason, Ohio, United States
Category Company
Founded 1956
Sector Manufacturing
DESCRIPTION

Cincinnati Fan is a manufacturer of industrial fans and air moving solutions for OEM applications across a diverse range of industries. Cincinnati Fan offers reliable, short lead-times on built-to-order industrial fans and blowers, which can be customized to meet end-users' specifications. Primary products include centrifugal fans and blowers, axial fans, portable fume exhausters, and other highly-engineered solutions. Cincinnati Fan was formed in 1956 and is based in Mason, Ohio.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 2 of 2
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-18 Daniels Fans

Mason, Ohio, United States

Daniels Fans is a designer and manufacturer of high temperature and industrial fans. Daniels Fans was founded in 1977 and is based in Mason, Ohio.

Buy -

Seller(S) 1

SELLER

CECO Environmental

Dallas, Texas, United States
Category Company
Founded 1869
Sector Environmental
Employees1,200
Revenue 545M USD (2023)
DESCRIPTION

CECO Environmental is an environmental technology company focused on critical solutions in the air pollution control (APC), energy and fluid handling, and filtration industries. CECO Environmental was foundedin 1869 and is based in Dallas, Texas.

DEAL STATS #
Overall 2 of 3
Sector (Manufacturing) 2 of 3
Type (Divestiture) 2 of 3
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 CECO Environmental - Keystone Filter

Cincinnati, Ohio, United States

CECO Environmental Corp. - Keystone Filter is a designer and manufacturer of filter cartridges and housings for the food and beverage, drinking water, and chemical process markets in the US.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 CECO Environmental - Zhongli Business

Jiangsu, China

CECO Environmental Corp. - Zhongli Business engages in design and manufacture of power industry flue gas dampers and ball mill systems in China. Since 2004, Zhongli has supplied both domestic and international customers with highly-engineered and high-quality products focusing on solid fuel combustion and exhaust systems, along with environmental protection applications with the petrochemical and metallurgical industries.

Sell -
Mergr

Product

Company

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