OPW Global has acquired Michigan-based flow control components specialist Marshall Excelsior Company (MEC) for $395m in a cash transaction.
MEC serves the liquefied petroleum gas and cryogenic markets and has access to new transport vehicle remote monitoring and severe service valve offerings. These advancements will expand OPW’s participation in the compressed and liquefied gases industry.
In 2023, MEC generated approximately $120m in revenue.
Kevin Long, President of Ohio-based OPW, described the transaction as a strategic move, noting that it will increase the company’s technological capabilities.
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