Dover (DOV) has acquired Marshall Excelsior Company (MEC) for USD 395M in cash. MEC will become part of the OPW Global (OPW) operating unit within Dover’s Clean Energy & Fueling segment (DCEF).
Founded over 48 years ago and headquartered in Marshall, Michigan, MEC supplies highly-engineered flow control components for transportation, storage, and use of liquified petroleum gas and other industrial gases. MEC’s comprehensive portfolio of fittings, adapters, valves, regulators, pigtails, gauges, and related accessories drives differentiated performance to meet the exacting safety, quality, and reliability standards of its customers’ mission-critical applications. The business generated approximately USD 120M in revenue in 2023.
MEC is a highly complementary acquisition to OPW. It serves the liquefied petroleum gas and cryogenic markets while adding access to new transport vehicle remote monitoring and severe service valve offerings that expand OPW’s participation in the compressed and liquefied gases industry.
