Dover Corporation has sold Kurz-Kasch to Monomoy Capital Partners
Lincoln International today announced the sale of Dover Corporation’s (NYSE: DOV) Kurz-Kasch, Inc. subsidiary (“Kurz-Kasch” or the “Company”) to Monomoy Capital Partners.
This transaction represents the seventh divestiture that Lincoln International has successfully completed for Dover Corporation since 2004. Additionally, this transaction represents the tenth successful assignment completed by Lincoln International’s Automotive and Truck Group since the beginning of 2006.
Based in Dayton, Ohio, Kurz-Kasch is a global leader in the design and manufacture of electromagnetic products and engineered composite components for the heavy-duty truck, electrical equipment, aerospace and irrigation markets. The Company’s electromagnetic products include stators, coils, solenoids and sensors. Kurz-Kasch operates five manufacturing plants in North America and Brazil. Kurz-Kasch is the worldwide leader in the design and manufacture of electromagnetic stators that regulate electronic fuel injection and fuel pump systems used in diesel engines for medium- and heavy-duty trucks. The company’s global customers include Bosch, Cummins, Eaton, Honeywell and Siemens. In addition, Kurz-Kasch recently signed a series of sole source arrangements with the leading Chinese diesel engine manufacturer to supply electromagnetic stators for China’s mandated conversion to electronic fuel injection in 2008.
Lincoln International acted as the exclusive financial advisor to Dover Corporation, working closely with the senior management team of Dover Electronics to complete this transaction.
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