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Acquisition

Spencer Turbine acquired from Alliance Portfolio Holdings, Inc


Tuesday, 05 October 2021

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Howden is pleased to announce that it has completed the acquisition of Spencer Turbine from Alliance Portfolio Holdings, Inc. This is Howden Group’s fifth acquisition in 2021.

Spencer Turbine, based in Windsor, Connecticut, USA, is an independent manufacturer of high-quality solutions for air and gas handling, with sales primarily in the United States and China. Its industrial blowers, vacuum systems and gas pressure boosters are designed with high quality standards to withstand extreme conditions, ensuring their long-term performance.

This latest acquisition aligns with Howden’s strategy of expanding its already strong presence in global growth markets including wastewater treatment. The acquisition of Spencer Turbine adds complementary products to Howden’s existing portfolio that expand Howden’s addressable markets by over $1.2 billion. As a result of the acquisition, Spencer Turbine will be able to tap into growth opportunities through additional technology support from Howden and by leveraging Howden’s existing global distribution and aftermarket service network, including its well-established presence in China, South America and Europe.

The acquisition of Spencer Turbine further expands our presence in growth markets, including the industrial and wastewater treatment sectors, and is well aligned with the elements of our strategic vision of ‘enabling our customers’ vital processes’ and ‘advancing a more sustainable world’. We are pleased to welcome the Spencer Turbine team into Howden.

Ross B Shuster, CEO of Howden

Tony Mancini, President of Spencer Turbine, said: “Spencer Turbine is proud to join the Howden Group. With strong complementary technologies, we are excited to be able to provide our customers with both diverse, high quality product and system solutions to address their specific air and gas handling application needs. We are known for the quality of our work, people and service and we recognise the same focus in Howden. Our business will benefit from Howden’s strength, focus and broad distribution and service network. We look forward to combining our expertise to create a stronger proposition for the markets we serve.”


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