Add-on Acquisition • Aerospace

Dover Acquires Sargent Aerospace & Defense

On June 29, 1984, Dover acquired aerospace company Sargent Aerospace & Defense for 68M USD

Acquisition Context
  • This is Dover’s 1st transaction in the Aerospace sector.
  • This is Dover’s 15th largest (disclosed) transaction.
  • This is Dover’s 2nd transaction in the United States.
  • This is Dover’s 1st transaction in Arizona.
Investment Fate
  • Sargent Aerospace & Defense was divested to a consortium of strategic buyers in 2015 for 500M USD.

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M&A Deal Summary

Date June 29, 1984
Target Sargent Aerospace & Defense
Sector Aerospace
Buyer(s) Dover
Deal Type Add-on Acquisition
Deal Value 68M USD

Target Company

Sargent Aerospace & Defense

Tucson, Arizona, United States
Sargent Aerospace & Defense, Inc. is a manufacturer of precision-engineered components and aftermarket services. Sargent performs critical functions on a variety of commercial and military aircraft, submarines and land-based vehicles in operation worldwide, and our customer base includes some of the best-known names in aerospace and defense for both the OEM and MRO marketplaces.
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Buyer Overview 1

Buyer

Dover

Downers Grove, Illinois, United States

Category Company
Founded 1947
Sector Machinery
Employees24,000
Revenue 7.7B USD (2024)
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 Context for Buyer #
Overall 2 of 62
Sector: Aerospace 1 of 2
Type: Add-on Acquisition 1 of 58
State: Arizona 1 of 1
Country: United States 2 of 42
Year: 1984 1 of 1
Size (of disclosed) 15 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1977-01-01 Waukesha Bearings

Pewaukee, Wisconsin, United States

Waukesha Bearings a designer and manufacturer of engineered hydrodynamic bearings and magnetic bearing systems for high-performing turbomachinery in oil & gas, power generation, marine and industrial markets. Typical applications include gas, steam and hydro turbines, centrifugal gas compressors, generators, gearboxes, pumps and motors.

Buy $13M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1993-01-01 Hill Phoenix

Conyers, Georgia, United States

Hillphoenix Inc. designs and manufactures an extensive line of commercial refrigerated display merchandisers, commercial and light industrial refrigeration systems and mechanical centers, electrical distribution products, and specialty display cases and fixtures.

Buy -