Gardner Denver acquires LeROI Compressors
Gardner Denver Holdings Inc. has acquired LeROI Compressors for approximately $20 million.
Based in Sidney, Ohio, LeROI is a manufacturer of gas compression equipment and solutions for vapor 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.”
“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.”
INDUSTRIAL SUPPLY MAGAZINE
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