M&A Deal Summary

Terex Acquires Environmental Solutions Group

On July 22, 2024, Terex acquired machinery company Environmental Solutions Group from Dover for 2.0B USD

Acquisition Highlights
  • This is Terex’s 17th transaction in the Machinery sector.
  • This is Terex’s largest (disclosed) transaction.
  • This is Terex’s 14th transaction in the United States.
  • This is Terex’s 2nd transaction in Tennessee.

M&A Deal Summary
Date 2024-07-22
Target Environmental Solutions Group
Sector Machinery
Buyer(s) Terex
Sellers(s) Dover
Deal Type Divestiture
Deal Value 2.0B USD

Target

Environmental Solutions Group

Chattanooga, Tennessee, United States
Environmental Solutions Group ("ESG") comprises brands such as Heil, Marathon, 3rd Eye, Soft-Pak, Parts Central, Currotto-Can, and Bayne Thinline to create a fully integrated equipment group serving the solid waste and recycling industry. Environmental Solutions Group is based in Environmental Solutions Group.

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Buyer(S) 1

Buyer

Terex

Norwalk, Connecticut, United States
Category Company
Founded 1933
Sector Machinery
Employees10,200
Revenue 5.2B USD (2023)
DESCRIPTION
View of Terex's corporate headquarters in Westport, Connecticut.
View of Terex's corporate headquarters in Westport, Connecticut.

Terex is a diversified manufacturer operating in four business segments, Aerial Work Platforms, Construction, Cranes and Materials Processing. Terex was founded in 1933 and is based in Norwalk, Connecticut.

DEAL STATS #
Overall 22 of 22
Sector (Machinery) 17 of 17
Type (Divestiture) 4 of 4
State (Tennessee) 2 of 2
Country (United States) 14 of 14
Year (2024) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-07 Apptronik

Austin, Texas, United States

Apptronik is a robotics company that has built a platform to deliver a variety of general-purpose robots. The company strives to introduce the next generation of robots that will change the way people live and work, while tackling some of its world's largest challenges. Apptronik was formed in 2016 and is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

Dover

Downers Grove, Illinois, United States
Category Company
Founded 1947
Sector Machinery
Employees25,000
Revenue 8.4B USD (2023)
DESCRIPTION
Dover's corporate headquarters in Downers Grove, Illinois.
Dover's corporate headquarters in Downers Grove, Illinois.

Dover is a diversified manufacturer of industrial products. Dover delivers innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover was founded in 1947 and is based in Downers Grove, Illinois.

DEAL STATS #
Overall 28 of 28
Sector (Machinery) 12 of 12
Type (Divestiture) 24 of 24
State (Tennessee) 1 of 1
Country (United States) 23 of 23
Year (2024) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 Marshall Excelsior

Marshall, Michigan, United States

Marshall Excelsior is a designer, manufacturer, and supplier of mission-critical, highly engineered flow control products used in the transportation, storage, and consumption of liquefied petroleum gas ("LPG") and liquefied anhydrous ammonia ("NH3"). Marshall Excelsior was founded in 1976 and is based in Marshall, Michigan.

Buy $395M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-12 SPS Cryogenics

Heerhugowaard, Netherlands

SPS Cryogenics designs, manufactures, and supplies vacuum-insulated piping systems for various liquified gases like nitrogen, oxygen, carbon dioxide, and other industrial gases. SPS Cryogenics is based in Heerhugowaard, Netherlands.

Buy -
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