News & Updates » Gardner Denver Acquires LeROI Compressors
Gardner Denver Holdings Inc. has acquired LeROI Compressors. The US$20 million deal expands Gardner Denver’s gas compression and vapor recovery portfolio and introduces a wider distribution network and greater research and development resources to LeROI. The transaction was conducted with cash on hand.
LeROI, which has 80 employees, manufactures gas compression equipment and solutions used in vapor recovery, biogas and other process and industrial applications.
Gardner Denver manufactures mission-critical flow control and compression equipment and aftermarket parts, and provides associated services. Gardner Denver has 37 manufacturing facilities and more than 30 service and repair centers across the world.
“LeROI is a market-leading business with strong talent and excellent longstanding customer relationships,” said Vicente Reynal, chief executive officer of Gardner Denver. “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,” Wall said. “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.”
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