Dover Corp. (Downers Grove, Ill.; www.dovercorporation.com) has completed the acquisition of the All-Flo Pump Company, Limited business (All-Flo; Mentor, Ohio), which is now part of the Pump Solutions Group (PSG; www.psgdover.com) unit within Dover’s Fluids segment.
Founded in 1986, All-Flo is a growing manufacturer of specialty air-operated double-diaphragm (AODD) pumps used in a wide range of industrial applications to transfer viscous, abrasive and hazardous fluids, sludges and slurries. The addition of All-Flo further enhances PSG’s leading AODD pump portfolio and expands its geographic and channel reach.
“We’re excited to add All-Flo to our best-in-class portfolio of pump businesses,” says Richard J. Tobin, Dover’s president and CEO. “This acquisition strengthens PSG’s market-leading position and is consistent with our strategic approach of deploying capital in close-to-core markets that offer sustainable, profitable growth, and where we can confidently create value for shareholders.”
With approximately $12 million of revenue generated in 2018, All-Flo is expected to be accretive to margins of Dover and its Fluids segment. The acquisition is expected to generate double-digit cash Return on Invested Capital (ROIC) by Year 3.
Terms of the transaction were not disclosed.