M&A Deal Summary

Modine Manufacturing Co. Acquires CDI

On July 1, 2025, Modine Manufacturing Co. acquired machinery company CDI

Acquisition Highlights
  • This is Modine Manufacturing Co.’s 1st transaction in the Machinery sector.
  • This is Modine Manufacturing Co.’s 4th transaction in the United States.
  • This is Modine Manufacturing Co.’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2025-07-01
Target CDI
Sector Machinery
Buyer(s) Modine Manufacturing Co.
Deal Type Add-on Acquisition

Target

CDI

Owatonna, Minnesota, United States
CDI manufacturer specializing in desiccant dehumidification technology and critical process air handlers. CDI was founded in 1991 and is based in Owatonna, Minnesota.

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Buyer(S) 1

Buyer

Modine Manufacturing Co.

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 6 of 6
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
State: Minnesota M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2025 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-30 L.B. White

Onalaska, Wisconsin, United States

L.B. White is a manufacturer of branded forced-air, radiant, and variable rate heating equipment and parts for the global swine, poultry, and construction markets. L.B. White was founded in 1952 and is based in Onalaska, Wisconsin.

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