M&A Deal Summary

Modine Manufacturing Acquires Scott Springfield

On February 26, 2024, Modine Manufacturing acquired electrical equipment company Scott Springfield

Acquisition Highlights
  • This is Modine Manufacturing’s 2nd transaction in the Electrical Equipment sector.
  • This is Modine Manufacturing’s 1st transaction in Canada.
  • This is Modine Manufacturing’s 1st transaction in Alberta.

M&A Deal Summary
Date 2024-02-26
Target Scott Springfield
Sector Electrical Equipment
Buyer(s) Modine Manufacturing
Deal Type Add-on Acquisition

Target

Scott Springfield

Calgary, Alberta, Canada
Scott Springfield is a manufacturer of AHUs for a broad range of commercial and industrial applications. Scott Springfield is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Modine Manufacturing

Racine, Wisconsin, United States
Category Company
Founded 1916
Sector Electrical Equipment
Revenue 1.4B USD (2016)
DESCRIPTION

Modine Manufacturing Co. is specializes in thermal management systems and components. Modine products are used in light, medium and heavy-duty vehicles, heating, ventilation and air conditioning equipment, off-highway and industrial equipment and refrigeration systems.

DEAL STATS #
Overall 3 of 3
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 Napps Technology

Longview, Texas, United States

Napps Technology is a manufacturer of air- and water-cooled chillers, condensing units and heat pumps for the K-12 school market and other similar applications. Napps Technology is based in Longview, Texas.

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