Dover Acquires Marshall Excelsior | LNG Industry

Founded more than 48 years ago and headquartered in Marshall, Michigan, MEC provides highly advanced flow control components for the transportation, storage and utilization of liquefied petroleum gas and other industrial gases. MEC’s comprehensive portfolio of fittings, adapters, valves, regulators, pigtails, meters and related accessories provides differentiated performance to meet the demanding safety, quality and reliability standards of its customers’ mission-critical applications. The company generated revenues of approximately US$120 million in 2023.

MEC is a highly complementary acquisition for OPW, serving the LPG and cryogenics markets while providing access to new remote monitoring of transport vehicles and rigorous service valve offerings that expand OPW’s participation in the compressed and liquefied gases industry.

“We are very excited about the acquisition of MEC,” said Kevin Long, OPW’s President. “MEC’s innovative solutions expand our offerings to our customers and position us to drive future growth and synergies. This strategic move enhances our technology capabilities and positions us at the forefront of innovation in the cryogenic and industrial gas markets.”

Dover President and CEO Richard J. Tobin added, “The acquisition of MEC strengthens Dover’s portfolio and continues DCEF’s strategic evolution into a growth-oriented set of critical components businesses focused on clean energy applications. In addition to strengthening our clean energy platform, MEC is a strong business model fit for Dover due to its significant recurring revenues from mission-critical components, differentiated product features with clear regulatory and safety-driven tailwinds, and large installed base with a diverse blue-chip customer base. We are excited to execute on our compelling value creation plan with this acquisition.”