The 2020 Mid-Year Economic Update_long

Dover Acquires Accelerated Cos. for $430 Million

Purchase establishes presence in rapidly growing U.S. shale well development market.

Dover (NYSE: DOV), Downers Grove, IL,  has acquired Accelerated Cos. LLC, a manufacturer of artificial lift and fluid handling products to oil and gas production markets, for $430 million.

Headquartered in The Woodlands, Texas, Accelerated supplies electric submersible pumps, hydraulic jet pump systems, gas lift systems, surface pumping and modular process systems for filtration, separation, heating and other fluid handling operations.

Accelerated will become part of Dover Artificial Lift, a business unit within Dover’s energy segment. Dover executives said the acquisition will help the company establish a presence in the fast-growing U.S. shale well development market.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.