Gardner Denver Holdings Inc. (GDI), a leading global provider of mission-critical flow control and compression equipment, has announced that it has acquired LeROI Compressors (LeROI) for a purchase price of approximately US$20 million funded by cash on hand. Based in Sidney, Ohio, LeROI is a leading North American manufacturer of gas compression equipment and solutions for vapour recovery, biogas and other process and industrial applications. LeROI will be part of Gardner Denver’s industrials segment.
“LeROI is a market-leading business with strong talent and excellent long-standing customer relationships,” said Vicente Reynal, Gardner Denver’s CEO. “This transaction is aligned with our strategy of leveraging core technologies and know-how to drive organic growth and build additional value at acquired companies. LeROI will provide mission-critical gas compression technologies and enable expansion of our product offering into new and attractive markets. We are thrilled to welcome the LeROI team to the Gardner Denver family,” added Reynal.
“This marks an exciting time for the LeROI business,” said Richard Wall, LeROI’s President. “As part of Gardner Denver, LeROI will be better positioned than ever to continue to deliver service excellence to our customers and expand into new markets.”
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/08062017/gardner-denver-to-acquire-leroi-compressors/