M&A Deal Summary

Dover Acquires AVTEC Industries

On January 1, 1998, Dover acquired manufacturer AVTEC Industries

Acquisition Highlights
  • This is Dover’s 4th transaction in the Manufacturing sector.
  • This is Dover’s 7th transaction in the United States.

M&A Deal Summary

Date 1998-01-01
Target AVTEC Industries
Sector Manufacturing
Buyer(s) Dover
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

AVTEC Industries

United States
AVTEC Industries, Inc. is a manufacturer of foodservice equipment.

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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 8 of 58
Sector (Manufacturing) 4 of 17
Type (Add-on Acquisition) 7 of 54
Country (United States) 7 of 40
Year (1998) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Dyna Pak

Lawrenceburg, Tennessee, United States

Dyna Pak Corp. is a manufacturer and supplier of plastic trash and recycling bags, and retail and institutional trash bags serving customers in the United States and internationally. Dyna Pak was founded in 1978 and is based in Lawrenceburg, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-11-24 Dover - Elevator Business

New York, United States

Dover Elevator is the elevator division of Dover Corporation.

Sell $1.1B