M&A Deal Summary

Gorman-Rupp Acquires Fill-Rite

On April 27, 2022, Gorman-Rupp acquired manufacturer Fill-Rite from Tuthill for 525M USD

Acquisition Highlights
  • This is Gorman-Rupp’s 1st transaction in the Manufacturing sector.
  • This is Gorman-Rupp’s largest (disclosed) transaction.
  • This is Gorman-Rupp’s 1st transaction in the United States.
  • This is Gorman-Rupp’s 1st transaction in Indiana.

M&A Deal Summary
Date 2022-04-27
Target Fill-Rite
Sector Manufacturing
Buyer(s) Gorman-Rupp
Sellers(s) Tuthill
Deal Type Divestiture
Deal Value 525M USD

Target

Fill-Rite

Ft. Wayne, Indiana, United States
Fill-Rite is a manufacturer of Fill-Rite fuel transfer pumps. Fill-Rite is based in Ft. Wayne, Indiana.

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Buyer(S) 1

Buyer

Gorman-Rupp

Mansfield, Ohio, United States
Category Company
Founded 1933
Sector Machinery
Employees1,450
Revenue 660M USD (2023)
DESCRIPTION

Gorman-Rupp is a designer, manufacturer, and seller of pumps and pumps systems for use in water, wastewater, construction, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilation and air-conditioning (HVAC), military and other liquid-handling applications. Gorman-Rupp was founded in 1933 and is based in Mansfield, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Tuthill

Burr Ridge, Illinois, United States
Category Company
Founded 1927
Sector Machinery
DESCRIPTION

Tuthill is up to something special that reaches far beyond manufacturing rock solid products. We inspire the hearts and souls of customers, families, and employees by being intentional about providing value in our products and in life.

DEAL STATS #
Overall 5 of 5
Sector (Manufacturing) 1 of 1
Type (Divestiture) 5 of 5
State (Indiana) 2 of 2
Country (United States) 5 of 5
Year (2022) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Tuthill Pump Group

Alsip, Illinois, United States

Tuthill Pump Group is a provider in gear and rotary piston pump solutions for sustainable, high growth end markets, including life science, food and beverage, medical and water and wastewater treatment.

Sell $85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-05 EaglePicher Technologies

Joplin, Missouri, United States

EaglePicher Technologies is a provider of batteries and energetic devices for the defense, space and commercial industries, and provides the most experience and broadest capability in battery electrochemistry of any battery supplier. EaglePicher Technologies offers a wide range of battery technology including thermal, nickel hydrogen, lithium carbonmono-fluoride, lithium thionyl chloride, lithium manganese dioxide, lithium sulfur dioxide, lithium ion, reserve lithium oxyhalide, custom battery assemblies and silver zinc batteries. EaglePicher Technologies was founded in 1942 and is based in Joplin, Missouri.

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