M&A Deal Summary

Dover Acquires Transchem

On January 17, 2024, Dover acquired chemicals company Transchem

Acquisition Highlights
  • This is Dover’s 2nd transaction in the Chemicals sector.
  • This is Dover’s 3rd transaction in Canada.
  • This is Dover’s 1st transaction in Ontario.

M&A Deal Summary
Date 2024-01-17
Target Transchem
Sector Chemicals
Buyer(s) Dover
Deal Type Add-on Acquisition

Target

Transchem

Cambridge, Ontario, Canada
Transchem is a supplier of car wash chemistry and associated solutions including the premium Turtle Wax Pro product line, True Vue 2 chemical management systems, ClearWash water reclaim systems, and Digital Mosaic, a technology platform that enables car wash operators to manage subscription and loyalty programs. Transchem is based in Cambridge, Ontario.

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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 53 of 58
Sector (Chemicals) 2 of 2
Type (Add-on Acquisition) 49 of 54
State (Ontario) 1 of 2
Country (Canada) 3 of 4
Year (2024) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 FW Murphy

Rosenberg, Texas, United States

FW Murphy is a provider of control, remote monitoring, digital-twin-based predictive maintenance, and adaptive performance optimization components, solutions, and instrumentation for reciprocating compressors and associated drive systems. FW Murphy’s solutions are used in natural gas production, transportation, and industrial use markets, as well as in emerging hydrogen and carbon capture applications. FW Murphy was formed in 1939 and is based in Rosenberg, Texas.

Buy $530M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-31 Bulloch

Mississauga, Ontario, Canada

Bulloch is a provider of point-of-sale (POS), forecourt controller, and electronic payment server solutions to the convenience retail industry. Bulloch was founded in 1986 and is based in Mississauga, Ontario.

Buy CA$150M
Mergr

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