M&A Deal Summary

Dover Acquires ACME

On December 16, 2021, Dover acquired manufacturer ACME from Graham Partners for 295M USD

Acquisition Highlights
  • This is Dover’s 15th transaction in the Manufacturing sector.
  • This is Dover’s 11th largest (disclosed) transaction.
  • This is Dover’s 36th transaction in the United States.
  • This is Dover’s 3rd transaction in Pennsylvania.

M&A Deal Summary

Date 2021-12-16
Target ACME
Sector Manufacturing
Buyer(s) Dover
Sellers(s) Graham Partners
Deal Type Add-on Acquisition
Deal Value 295M USD

Target

ACME

Allentown, Pennsylvania, United States
ACME is a manufacturer of vacuum insulated pipe used in the transmission of gasses that have been liquefied, repairs cryogenic storage tanks, and repairs and manufactures tank trailers used in transporting liquid nitrogen, oxygen, and helium, etc. ACME was established in 1969 and is based in Allentown, Pennsylvania.

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Buyer(S) 1

Buyer

Dover

Downers Grove, Illinois, United States

Category Company
Founded 1947
Sector Machinery
Employees25,000
Revenue 8.4B USD (2023)
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 49 of 58
Sector (Manufacturing) 15 of 17
Type (Add-on Acquisition) 47 of 54
State (Pennsylvania) 3 of 3
Country (United States) 36 of 40
Year (2021) 7 of 7
Size (of disclosed) 11 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 RegO

Elon, North Carolina, United States

RegO is a designer and manufactures a comprehensive range of flow control valves and regulators that are sold to domestic and international markets under the RegO and Goddard brand names. RegO was formed in 1908 and is based in Elon, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-06 Boivin Evolution - Intellectual Property

Levis, Quebec, Canada

Boivin Evolution's Intellectual Property related to electrically-powered refuse collection vehicle (“RCV”) bodies.

Buy -

Seller(S) 1

SELLER

Graham Partners

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graham Partners is a private equity that targets middle market industrial and manufacturing companies. The Firm seeks to invest in businesses based in the US and also consider investments in Canada and Western Europe. Graham Partners focuses on strong growth potential companies with high return on invested capital, led by experienced management teams in revenues between $30 - $500 million and EBITDA between $10 million and $50 million. The firm typically invests between $10 million and $100 million in equity and the balance via debt and can invest higher than $100 million through co-investments. Broad areas of interest include building products, water management, medical products, consumer products, packaged food & beverage, packaging, aerospace/defense, agriculture, capital equipment, energy related products, home and outdoor, sports and leisure, and transportation services. Prospective transaction types include MBOs, recapitalization and growth capital financing. Graham Partners is an affiliate of The Graham Group was formed in 1988 and is based in Newton Square, Pennsylvania.


DEAL STATS #
Overall 34 of 37
Sector (Manufacturing) 6 of 7
Type (Add-on Acquisition) 13 of 14
State (Pennsylvania) 5 of 5
Country (United States) 31 of 34
Year (2021) 6 of 6
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Kinova

Boisbriand, Quebec, Canada

Kinova is a designer and manufacturer of collaborative robotic arms for medical and industrial markets. Kinova was founded in 2006 and is based in Boisbriand, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 Mercer Foods

Modesto, California, United States

Mercer Foods is a provider of freeze-dried fruit and vegetable ingredients. Mercer Foods offers a complete solution for freeze-dried food needs, including an extensive product portfolio and complete customization capabilities. Mercer Foods was founded in 1980 and is based in Modesto, California.

Sell -