Dorner Enters Partnership with EQT Mid Market
Dorner Holding Company, the parent company of Dorner Mfg. Corp., FlexMove, and Geppert-Band has announced a new partnership with the EQT Mid Market US fund (“EQT Mid Market”).
Dorner Mfg. Corp. was founded by the Dorner brothers in 1966. What started as a small tool and die shop has evolved to become an industry leader in the design and manufacturing of precision conveyors. Today, Dorner provides thousands of stainless and aluminum conveyor automation solutions to countless industries including packaging, automation, industrial, food processing, medical, pharmaceutical, and many more.
In June 2012, the founding Dorner brothers began a well-deserved retirement and Dorner entered into a partnership with Incline Equity Partners of Pittsburgh, PA.
“Over the last five years, Incline Equity Partners has enabled us to grow our product lines, markets, and provide increased support to our customers,” said Terry Schadeberg, president and CEO, Dorner. “We opened sales offices in Canada and Mexico, expanded our manufacturing capabilities, strengthened our internal management team and completed two international acquisitions; FlexMove in Malaysia and Geppert-Band in Germany. We thank Incline Equity Partners for their tremendous support and efforts.”
EQT is a leading alternative investments firm, headquarted in Sweden. With offices in 14 countries across Europe, North America and Asia, EQT has extensive global experience in the industrial market.
“The Dorner brand is recognized throughout the industry,” said Matthew Levine, Partner at EQT Partners, Investment Advisor to EQT Mid Market. “We are committed to furthering Dorner’s growth and development through our deep network of knowledgeable industry experts.”
With EQT’s support, Dorner is well-positioned to invest in and acquire the appropriate resources needed to better service existing customers, as well as support growth into new product platforms, markets and geographies.
“Our mission of Transforming Conveyor Automation by providing cutting edge solutions with best in class support moves forward,” Schadeberg said. “We are excited to begin this next chapter in the history of our company.”
Dorner Holding Company is the parent company of Hartland, Wisconsin-based Dorner Mfg.; a world leader in the design, manufacture and distribution of high-quality conveyors and related equipment. Since 1966, companies from around the world have turned to Dorner conveyors for greatly improved efficiency and productivity. For more information about products or company news, visit Dorner’s Web site at www.dornerholdingcompany.com or call 1-800-397-8664.
EQT is a leading global private equity group with approximately EUR 35 billion in raised capital across 22 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. For more information visit: www.eqt.separtners.com