Cleaver-Brooks Is Acquired by Miura

Industrial

Cleaver-Brooks, a portfolio company of Harbour Group, sale to Miura


Summary

The Cleaver-Brooks Company, Inc. (“Cleaver-Brooks” or the “Company”), a portfolio company of Harbour Group, has been acquired by Miura Co., Ltd (“Miura”) (TSE: 6005) for $774 million in cash.

Baird served as the exclusive financial advisor to Harbour Group on this transaction.

About

Cleaver-Brooks is a leading provider of fully integrated, efficient boiler systems and services for commercial, industrial and institutional applications. The Company engineers and manufactures innovative boiler room solutions for steam and hydronic applications, while offering sales and service from a world-class representative network. Cleaver-Brooks is committed to providing energy efficient solutions and products that help customers operate boiler systems at optimum reliability, promote sustainability, minimize emissions and reduce costs. Cleaver-Brooks is headquartered in Thomasville, Georgia.

Harbour Group is a privately owned operations-focused company based in St. Louis, Missouri. Harbour Group's companies are engaged in manufacturing and distribution across diverse industries, including thermal management solutions, boiler systems, flow control, specialty chemicals, outdoor living products, specialty fittings, remote monitoring solutions, control solutions, professional diagnostic and repair tools and auxiliary plastic processing equipment. Since its founding in 1976, Harbour Group has acquired 229 companies in 49 different industries. Harbour Group is headquartered in in St. Louis, Missouri.

Miura is a global leader in industrial boiler manufacturing, renowned for its cutting-edge engineering and unwavering commitment to innovation. Miura’s products are widely used in various industries including healthcare, food processing, textiles and more. Miura is also committed to environmental sustainability, with a focus on reducing emissions and energy consumption in its products. Miura is headquartered in Ehime, Japan.


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Industrial

Cleaver-Brooks, a portfolio company of Harbour Group, sale to Miura

Date
May 2024
Company
Harbour Group
Transaction
M&A - Sellside
Sectors
Industrial
Verticals
Thermal Technologies
Target Geography
North America
Acquiror Geography
Asia

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