M&A Deal Summary

Dover Acquires Marshall Excelsior

On July 22, 2024, Dover acquired manufacturer Marshall Excelsior from Harbour Group for 395M USD

Acquisition Highlights
  • This is Dover’s 17th transaction in the Manufacturing sector.
  • This is Dover’s 8th largest (disclosed) transaction.
  • This is Dover’s 39th transaction in the United States.
  • This is Dover’s 2nd transaction in Michigan.

M&A Deal Summary

Date 2024-07-22
Target Marshall Excelsior
Sector Manufacturing
Buyer(s) Dover
Sellers(s) Harbour Group
Deal Type Add-on Acquisition
Deal Value 395M USD

Target

Marshall Excelsior

Marshall, Michigan, United States
Marshall Excelsior is a designer, manufacturer, and supplier of mission-critical, highly engineered flow control products used in the transportation, storage, and consumption of liquefied petroleum gas ("LPG") and liquefied anhydrous ammonia ("NH3"). Marshall Excelsior was founded in 1976 and is based in Marshall, Michigan.

Search 201,771 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 56 of 58
Sector (Manufacturing) 17 of 17
Type (Add-on Acquisition) 52 of 54
State (Michigan) 2 of 2
Country (United States) 39 of 40
Year (2024) 4 of 6
Size (of disclosed) 8 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 Environmental Solutions Group

Chattanooga, Tennessee, United States

Environmental Solutions Group ("ESG") comprises brands such as Heil, Marathon, 3rd Eye, Soft-Pak, Parts Central, Currotto-Can, and Bayne Thinline to create a fully integrated equipment group serving the solid waste and recycling industry. Environmental Solutions Group is based in Environmental Solutions Group.

Sell $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-12 SPS Cryogenics

Heerhugowaard, Netherlands

SPS Cryogenics designs, manufactures, and supplies vacuum-insulated piping systems for various liquified gases like nitrogen, oxygen, carbon dioxide, and other industrial gases. SPS Cryogenics is based in Heerhugowaard, Netherlands.

Buy -

Seller(S) 1

SELLER

Harbour Group

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1976
Size Large
Type Sector Agnostic
DESCRIPTION

Harbour Group is a private investment firm that seeks to invest in companies within the sectors of manufacturing and distribution. The firm pursues companies with EBITDA between $4 million and $50 million, and revenue between $50 million and $100 million. In addition, the firm looks for investments within North America and around the world with enterprise value between $30 million and $500 million. Harbour Group was formed in 1976 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 23 of 23
Sector (Manufacturing) 3 of 3
Type (Add-on Acquisition) 12 of 12
State (Michigan) 1 of 1
Country (United States) 23 of 23
Year (2024) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-17 Cleaver-Brooks

Thomasville, Georgia, United States

Cleaver-Brooks provides boiler room products and systems to deliver efficient solutions that help its customers and the industry reduce energy usage, cost, and environmental impact. It offers integrated boiler plant solutions for any size application. Cleaver-Brooks was founded in 1929 and is based in Thomasville, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-13 Senproco

Sioux Falls, South Dakota, United States

Senproco manufactures and resells pet grooming products such as shampoos, conditioners, sprays, colognes, bathing equipment, grooming tools, apparel, accessories, toys, and treats. The Company has a diverse customer base of pet groomers and pet supply stores in the U.S., and offers international distribution to over 13 countries, including Canada, Europe, Asia, and the U.K. Senproco is based in Sioux Falls, South Dakota.

Buy -