M&A Deal Summary

MCE Acquires Daughtridge

On April 1, 2024, MCE acquired distribution company Daughtridge

Acquisition Highlights
  • This is MCE’s 13th transaction in the Distribution sector.
  • This is MCE’s 20th transaction in the United States.
  • This is MCE’s 2nd transaction in North Carolina.

M&A Deal Summary
Date 2024-04-01
Target Daughtridge
Sector Distribution
Buyer(s) MCE
Deal Type Add-on Acquisition
Advisor(s) Anderson LeNeave & Co. (Financial)

Target

Daughtridge

Rocky Mount, North Carolina, United States
Daughtridge is an industrial distributor of pressure and temperature instrumentation products and services, including pressure gauges, industrial thermometers, and related products and accessories. Daughtridge is based in Rocky Mount, North Carolina.

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Buyer(S) 1

Buyer

MCE

Zelienople, Pennsylvania, United States
Category Company
Founded 1951
Sector Distribution
DESCRIPTION

MCE is an industrial distributor of branded motion and control systems specializing in connectors, hydraulics and pneumatics. MCE was founded in 1951 and is based in Zelienople, Pennsylvania.

DEAL STATS #
Overall 20 of 25
Sector (Distribution) 13 of 17
Type (Add-on Acquisition) 19 of 24
State (North Carolina) 2 of 2
Country (United States) 20 of 25
Year (2024) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-18 Piedmont Electric Motor

Asheboro, North Carolina, United States

Piedmont Electric Motor offers a broad range of industrial products and services, including electric motors, cranes, material handling, fabrication/welding and machinery services. Piedmont Electric Motor was founded in 1971 and is based in Asheboro, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-03 General Machinery

Birmingham, Alabama, United States

General Machinery distributes automation & electrical products, process pumps, air compressors, and related repair services. General Machinery is based in Birmingham, Alabama.

Buy -
Mergr

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