The car wash industry is witnessing an exciting evolution as Dover (NYSE: DOV), a diversified global manufacturer, has officially acquired Belanger, Inc., a premier manufacturer known for its comprehensive line of car wash equipment. This strategic move, announced on January 16, 2019, integrates Belanger into Dover’s Fluids segment, specifically under the OPW business unit, a recognized leader in fluid handling solutions worldwide. For professionals and enthusiasts seeking top-tier Belanger Car Wash Parts, this acquisition signals enhanced access, innovation, and reliability in the car wash sector.
Belanger, headquartered in Northville, Michigan, brings nearly 50 years of industry expertise and a workforce of over 150 U.S.-based employees to OPW. With a reputation built on robust engineering, dependable performance, and inventive solutions, Belanger generated approximately $55 million in sales in 2018. This acquisition significantly bolsters OPW’s standing as a leading supplier of car wash equipment and systems, encompassing strong brands across conveyor tunnel, in-bay automatic, and large vehicle wash segments. Dover anticipates this acquisition to be accretive to margins and Adjusted EPS within the first year, and projects a double-digit return on capital within three years, aligning with Dover’s stringent M&A criteria. The transaction price reflected a multiple of 2018 EBITDA below 10x, prior to synergies yet accounting for the benefit of asset value step-up.
The car wash market is experiencing growth fueled by a distinct shift from manual car washing to sophisticated, automated professional systems. This trend is underpinned by the increasing consumer demand for the convenience offered by professional car washes, coupled with the rising popularity of loyalty programs among car wash operators.
Richard J. Tobin, President and Chief Executive Officer of Dover, highlighted the strategic importance of this acquisition: “The vehicle wash solutions market is an attractive space for growth within OPW, driven by the increasing preference for commercial car washes. We are thrilled to welcome the talented Belanger team. By combining Belanger with our PDQ business, another OPW brand, we will deliver an unparalleled range of products to our customers in this thriving market. This transaction underscores Dover’s dedication to strategically deploying capital in core markets that promise sustainable, profitable growth, and where our team can generate significant shareholder value.”
While the detailed terms of the transaction remain undisclosed, it is confirmed to be subject to standard closing conditions, including necessary regulatory approvals, with an expected closure in early 2019.
Belanger Car Wash Equipment
Alt text: Belanger car wash equipment in operation, showcasing automated vehicle cleaning technology.
About Dover and OPW: A Synergistic Partnership for Belanger Car Wash Parts
Dover Corporation, a diversified global manufacturer with approximately $7 billion in annual revenues, operates through three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover is renowned for its innovative equipment, components, specialty systems, consumable supplies, software and digital solutions, and comprehensive support services. With a legacy spanning over 60 years, Dover’s team of over 24,000 employees is committed to collaborating with customers to push the boundaries of what’s possible.
OPW, a key part of Dover, has been at the forefront of retail fueling and fluid handling solutions for 125 years. Specializing in the safe and efficient handling and distribution of fuels and critical fluids, OPW offers a wide array of products for both above and below ground applications, encompassing conventional, vapor recovery, and clean energy sectors. Their portfolio extends to loading arms, valves, dry-break couplings, tank truck equipment, rail car valves, and, significantly, car wash systems. With manufacturing operations spanning North America, Europe, Latin America, and Asia Pacific, OPW’s global presence is substantial. The integration of Belanger further enriches OPW’s car wash offerings, particularly in the realm of belanger car wash parts and systems.
Forward-Looking Synergies and the Future of Belanger Car Wash Parts
This acquisition is not just a business transaction; it’s a strategic alignment that promises to enhance the availability and innovation of belanger car wash parts. The forward-looking statements in the initial press release highlight the anticipated benefits, including accretive margins and adjusted EPS, and a double-digit return on capital. These projections underscore the confidence in the combined strengths of Belanger and OPW.
The growing demand for professional vehicle wash systems indicates a robust market for belanger car wash parts. As car wash operators increasingly adopt automated systems and loyalty programs to meet consumer preferences for convenience, the need for reliable, high-quality car wash equipment and parts becomes paramount. The integration of Belanger into OPW is poised to meet this demand, ensuring that customers have access to superior belanger car wash parts backed by the extensive resources and expertise of OPW and Dover.
Conclusion: Enhanced Access and Innovation in Belanger Car Wash Parts
The acquisition of Belanger by Dover and its integration into OPW marks a significant advancement for the car wash industry. For those seeking belanger car wash parts, this union signifies a future of enhanced product availability, continuous innovation, and unwavering reliability. The combined entity is set to leverage the strengths of both Belanger and OPW to deliver exceptional car wash solutions, reinforcing their commitment to leading the market and providing unparalleled value to customers worldwide. The future of belanger car wash parts is brighter than ever, backed by the robust capabilities of OPW and Dover.
