M&A Deal Summary

Howden Acquires CPI

On October 12, 2021, Howden acquired manufacturer CPI from EnPro

Acquisition Highlights
  • This is Howden’s 2nd transaction in the Manufacturing sector.
  • This is Howden’s 2nd transaction in the United States.
  • This is Howden’s 1st transaction in Texas.

M&A Deal Summary
Date 2021-10-12
Target CPI
Sector Manufacturing
Buyer(s) Howden
Sellers(s) EnPro
Deal Type Divestiture

Target

CPI

Stafford, Texas, United States
CPI is a manufacturer of precision-engineered, custom aftermarket products and its broad product offering is critical to the longevity, efficiency and safety of reciprocating compressors. CPI was founded in 2004 and is based in Stafford, Texas.

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Buyer(S) 1

Buyer

Howden

Renfrew, United Kingdom
Category Company
Founded 1854
Sector Machinery
DESCRIPTION

Howden is a provider of mission-critical air and gas handling products, technologies, and services. Howden supports multiple sectors including infrastructure, power generation, oil & gas, wastewater, metals, mining, and transportation. Howden was founded in 1854 and is based in Renfrew, Scotland.

DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 2 of 2
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-05 Spencer Turbine

Windsor, Connecticut, United States

Spencer Turbine is a manufacturer of air and gas handling equipment used in global industrial, municipal, commercial and institutional applications. Spencer Turbine was founded in 1892 and is based in Windsor, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-12 Roots

Connersville, Indiana, United States

Roots is a provider of rotary positive displacement blowers for wastewater treatment plants and other industrial applications. It also produces robust, heavy-duty bi-lobe and tri-lobe designs that deliver reliable performance with innovative Whispair technology for low noise, and low pulsation compression. Roots was formed in 1854 and is based in Connersville, Indiana.

Sell $300M

Seller(S) 1

SELLER

EnPro

Charlotte, North Carolina, United States
Category Company
Founded 2002
Sector Machinery
Employees3,500
Revenue 1.1B USD (2023)
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 STATS #
Overall 7 of 9
Sector (Manufacturing) 2 of 4
Type (Divestiture) 7 of 9
State (Texas) 3 of 3
Country (United States) 7 of 8
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Altamira Material Solutions

Houston, Texas, United States

Altamira Material Solutions specializes in the custom production of PTFE molding, paste extrusion, plastics machining, and fabrication. Altamira Material Solutions is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-05 NxEdge

Boise, Idaho, United States

NxEdge provides vertically integrated solutions to the semiconductor market. The company offers custom solutions including machining, anodizing & plating, advanced engineering coatings, fluoropolymer coatings, cleanings, and assembly. NxEdge was established in 2001 and is based in Boise, Idaho.

Buy $850M
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