Gardner Denver Holdings Inc., a leading global provider of mission-critical flow control and compression equipment, announced last Wednesday that it has acquired LeROI Compressors for a purchase price of approximately $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 vapor recovery, biogas and other process and industrial applications. LeROI will be part of Gardner Denvers Industrials Segment.
LeROI is a market-leading business with strong talent and excellent long-standing customer relationships, said Vicente Reynal, Gardner Denvers 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, LeROIs 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.
Gardner Denver is a leading global provider of a broad and complete range of compressor, pump, vacuum and blower products and services. Gardner Denver supports its customers through its global geographic footprint of 37 key manufacturing facilities, more than 30 complementary service and repair centers across six continents, and approximately 6,100 employees world-wide.