# Gardner Denver acquires MP Pumps for about $58m

Gardner Denver Holdings has acquired MP Pumps, a Fraser, Michigan maker of specialty industrial pumps, for a net purchase price of about $58 million in cash. MP Pumps was previously owned by Lionheart Industrial Group.

- Type: Acquisition
- Announced: 2018-12-14
- Where: Fraser, Michigan, United States
- Value: $58.0M
- Status: completed
- Products: specialty industrial pumps, aftermarket pump parts
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Gardner Denver](https://endata.com/companies/614.md) (acquirer)
- [MP Pumps](https://endata.com/companies/4344.md) (target)
- [Lionheart Industrial Group](https://endata.com/companies/4345.md) (partner)

## Sources

- [inddist.com](https://www.inddist.com/mergers-acquisitions/news/13777049/gardner-denver-acquires-mp-pumps), 2018-12-14: "Gardner Denver Holdings Inc. ... announced that it has acquired MP Pumps, Inc. for a net purchase price of approximately $58 million funded by cash on hand."
- [fluidhandlingmag.com](https://fluidhandlingmag.com/news/gardner-denver-completes-51m-acquisition/), 2019-07-19: "Gardner Denver announced that it has acquired US pump manufacturer MP Pumps for a net purchase price of an estimated $58 million (€51.3 million)."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.