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Gardner Denver history
Gardner Denver company history timeline
Gardner Denver, a US based company, founded in 1859, was acquired by KKR and the company taken private.
• Robert W. Gardner, a Scottish immigrant engineer, began manufacturing governors to control steam engines in a one-room machine shop in Quincy during 1859.
1890: Gardner Company begins manufacturing mud pumps.
• By 1900, the company added air compressors to its line.
The demand for Gardner Company's mud pumps increased exponentially roughly a decade later when a major oil strike at the Spindletop Oil Field in 1901 triggered a surge in business throughout Texas.
In 1927, J. Willis Gardner orchestrated the merger of his father's company with its largest customer, Denver Rock Drill Manufacturing Company, a manufacturer of equipment for oil wells, mining, and construction.
The first investor to further build the foundation for the today's Medical Group was Lee B. Thomas who acquired 1948 a company from the Moe family that produced inlighting systems.
• In 1959, Gardner Denver celebrated its centennial as it operated 13 plants in four countries, with 47 sales offices worldwide.
1979: Cooper Industries acquires the company.
Centanni had joined Cooper Industries in 1980, as the director of its corporate planning and development group.
In 1987, Cooper Industries acquired the Sutorbilt and DuroFlow blower product lines, as well as a line of industrial compressors marketed under the name Joy.
To rid itself of the division, Cooper Industries formed a wholly owned subsidiary named Gardner Denver, Inc., which absorbed the assets and liabilities of the Gardner-Denver Industrial Machinery Division, effective on the last day of 1993.
With acquisition targets on the horizon, Centanni reorganized Gardner Denver in 1997.
Revenues reached $385 million, 30 percent more than the total recorded the previous year, and net income increased 33 percent from 1997's total, climbing to $36.8 million.
By the end of 1998, Gardner Denver had achieved its fourth consecutive year of double-digit sales growth, in large part derived from its acquisition campaign.
In 2001, Gardner Denver expanded abroad and domestically.
• Barry L. Pennypacker was named president and CEO in January 2008.
• Gardner Denver's global corporate headquarters were moved to Philadelphia starting in September 2010.
• February, 2012 Pennypacker told investors the company had a record year with revenues of $2.371 billion.
On April 30, 2019, Gardner Denver announced that it has agreed to combine with Ingersoll Rand’s Industrial Segment to create a global leader in mission-critical flow creation and industrial technologies.
On July 8, 2019, Gardner Denver Holdings, Inc. (NYSE: GDI), a leading global provider of mission-critical flow control and compression equipment, announced that it has acquired Oina VV AB, for a net purchase price of approximately $10 million funded by cash on hand.
2020 Gardner Denver and Ingersoll Rand merge forming a new bigger Ingersoll Rand
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Gardner Denver competitors
| Company Name | Founded Date | Revenue | Employee Size | Job Openings |
|---|---|---|---|---|
| Emerson | 1890 | $15.2B | 83,500 | 1,260 |
| Parker Hannifin | 1917 | $19.1B | 57,170 | 2 |
| Dover | 1955 | $8.5B | 23,000 | 306 |
| Rockwell Automation | 1903 | $9.1B | 24,500 | 204 |
| Caterpillar | 1925 | $59.4B | 97,300 | 868 |
| Danaher | 1969 | $31.5B | 80,000 | 1,228 |
| Eaton | 1911 | $20.8B | 92,000 | 1,801 |
| General Motors | 1908 | $156.7B | 155,000 | 1,344 |
| SPX | 1912 | $1.5B | 6,000 | 154 |
| Whirlpool | 1911 | $19.7B | 78,000 | 139 |
Gardner Denver history FAQs
Zippia gives an in-depth look into the details of Gardner Denver, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Gardner Denver. The employee data is based on information from people who have self-reported their past or current employments at Gardner Denver. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Gardner Denver. The data presented on this page does not represent the view of Gardner Denver and its employees or that of Zippia.
Gardner Denver may also be known as or be related to Gardner Denver, Gardner Denver Holdings Inc, Gardner Denver Nash LLC, Gardner Denver, Inc. and Ingersoll Rand Inc.