Acquisitions Philosophy

  • Focusing on niche, high-margin industrial technology businesses with strong cash flow
  • Investing in faster growth markets, including technology, while maintaining a strong aftermarket exposure
  • Leveraging the Enpro Capability Center to increase margins and cash flow return on investment
  • Maximizing long-term shareholder returns through a commitment to sustainability and disciplined capital allocation

Focus Sectors

Core Business Acceleration (Bolt-Ons)

  • Advanced sealing solutions for critical applications
  • Pharma, biopharma, and food processing components and devices
  • Semiconductor chamber components and services
  • Optical filters, sensors, components, and assemblies

Adjacent Market Expansion (New Platforms)

  • Test and measurement equipment, components, and systems
  • Sensors, monitors, and other components in the industrial technology value chain
  • MedTech products, components, materials, and services
  • Next generation materials and coatings

Target M&A Profile

Market
  • Markets with secular trends driving >5% annual growth
  • High degree of aftermarket exposure / recurring revenue
  • Fragmented competitive base, enabling follow-on acquisitions
Transactions
  • Seek buyouts / majority control
  • Flexible approach to deal structure and equity rollover
  • Transactions executed discretely and quickly
Financial
  • EBITDA margins >20%
  • EBITDA >$5M (bolt-ons)
  • EBITDA >$15M (new platforms)
  • High cash-flow, asset light characteristics
Organization
  • Experienced & committed management team in place
  • Ability to integrate with Enpro culture and values of Safety, Excellence, and Respect

Contact Us

Ian White
Vice President,
Corporate Development
Ian.White@EnproIndustries.com
704-526-3817
linkedin.com/in/ianpwhite
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