Corporate Development

What We Look For

LEADING BRANDS AND TECHNOLOGY

We acquire manufacturers of highly engineered, value-added industrial components or systems. We look for customer-inspired market leaders whose premier brands, proprietary technology and intellectual property make them indispensable partners to their industrial and commercial customers.

ATTRACTIVE MARKETS

We prefer companies that are well-positioned in global growth markets and noncyclical industries that benefit from macro growth trends. We also seek businesses with attractive aftermarket and recurring revenue and service opportunities.

STRONG FINANCIALS

We proactively search for companies with strong financial performance that can be built upon for significant future growth. We seek companies with the ability to achieve operating profit margins above 15%.

• Add-on business or product lines can be any size if they expand one of our key strategic segments or operating companies and will become part of an existing Dover operating company.
• Stand-alone acquisitions generally have revenue of $100 million or more and will become independent operating companies as part of a segment.

STRONG MANAGEMENT

We are also committed to buying businesses that have strong management teams. Our culture requires the operating management team to demonstrate ownership in product development and innovation, continuing to operate close to the customer. We carefully assess the skill, energy, ethics and compatibility of the top executives of each acquisition candidate before determining if a business will integrate well into our driven, growth-oriented organization.

SHARED PERSPECTIVE

We seek companies that can grow and prosper from our expertise, scale, tools and resources, such as global sourcing, regional infrastructure and talent development. In addition, it is important that prospective acquisitions share our drive, our entrepreneurial mindset and our deep commitment to integrity.

1. YOU WANT TO GROW WITH US

We seek acquisition candidates that would be a strategic addition to one of our growth segments and fill existing adjacencies, whether they are in technology, white spaces, product lines, changes of ownership or global geographic expansion.

2. YOU ARE ENTREPRENEURIAL

We attract businesses that are run by entrepreneurial talent who take an ownership mindset and are driven to grow businesses for the future. We like working with ambitious teams who stay close to the customer. Whether an "add-on" or an independent "stand-alone" operating company, all acquisitions must share our commitment to truly understanding customer needs and constantly innovating for the customer.

3. YOU SHARE OUR VALUES

Across segments, OpCos and industries, our leaders are linked by a deep-seated integrity. With guidance from segment leaders, Dover's company presidents set the direction for their own companies, make their own decisions and nurture and grow their own organizations. They run their businesses independently, with the expectation of excellence and integrity. Our values are reflected in all that we do.

Together, we will make the most of strategic opportunities, synergies and resources to realize success and expand our growth segments.