Add-on Acquisition • Machinery

EnPro Acquires LeanTeq Co.

On July 22, 2019, EnPro acquired machinery company LeanTeq Co.

Acquisition Context
  • This is EnPro’s 5th transaction in the Machinery sector.
  • This is EnPro’s 1st transaction in Taiwan.

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M&A Deal Summary

Date July 22, 2019
Target LeanTeq Co.
Sector Machinery
Buyer(s) EnPro
Deal Type Add-on Acquisition
Advisor(s) GCA Corporation (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target Company

LeanTeq Co.

Taoyuan City, Taiwan
LeanTeq Co., Ltd. provides cleaning, testing, and verification refurbishment services for critical components and assemblies used in state-of-the-art semiconductor equipment. LeanTeq Co., Ltd. was founded in 2011 and is based in Taoyuan City, Taiwan.
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Buyer Overview 1

Buyer

EnPro

Charlotte, North Carolina, United States

Category Company
Founded 2002
Sector Machinery
Employees3,500
Revenue 1.0B USD (2024)
DESCRIPTION

EnPro is a provider of sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other engineered products. EnPro was founded in 2002 and is based in Charlotte, North Carolina.


Deal Context for Buyer #
Overall 24 of 26
Sector: Machinery 5 of 5
Type: Add-on Acquisition 23 of 25
Country: Taiwan 1 of 1
Year: 2019 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-02 The Aseptic Group

Limonest, France

The Aseptic Group (comprising Aseptic Process Equipment SAS and Aseptic Services SARL) is a privately-held company focused on distributing, designing, and manufacturing aseptic fluid transfer products for the pharmaceutical and biopharmaceutical industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-12 Fairbanks Morse Defense

Beloit, Wisconsin, United States

Fairbanks Morse Defense develops and manufactures heavy-duty, medium-speed reciprocating engines under the Fairbanks Morse and ALCO brand names, which are used primarily in marine and power generation applications. Fairbanks Morse Defense was founded in 1871 and is based in Beloit, Wisconsin.

Sell $450M

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