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Announced

Completed

MacLean Power Systems completed the acquisition of Dotson Iron Castings.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

Completed

Friendly

Single Bidder

United States

ductile iron

Iron and Steel

Acquisition

Domestic

Synopsis

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MacLean Power Systems, a manufacturer of products for transmission, distribution, substation, and communications infrastructure, completed the acquisition of Dotson Iron Castings, a ductile iron foundry. Financial terms were not disclosed. "We are thrilled to welcome Dotson to the MPS team. As an existing vendor to MPS, our partnership with Dotson has flourished over the last several years. Dotson's excellent performance as a supplier, including the quality of their product, and best-in-class foundry process are really what drove us to this partnership. However, what is most advantageous about Dotson is their talented and knowledgeable team. Each and every dedicated individual at Dotson has worked to make the business what it is today and they will continue to be their essential element. We have great potential to integrate with all our existing facilities. This acquisition accelerates our vertical integration strategy, allowing us to serve our customers' needs more effectively and continue to expand our ability to provide a growing number of American manufactured products." Steve Scharnhorst, MacLean Power CEO.

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