On the Record · Modine Manufacturing
Modine Manufacturing acquisitions, on the record
The businesses Modine Manufacturing bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Napps Technology CorporationWord for word“On July 1, 2023, the Company acquired substantially all of the net operating assets of Napps Technology Corporation (“Napps”) for consideration totaling $ 5.8 million.” 10-K for 2024 | acquisition | July 1, 2023 | $ 5.8 million |
Scott Springfield Mfg. Inc.Word for word“On March 1, 2024, the Company acquired all of the issued and outstanding shares in the capital of Scott Springfield Mfg. Inc. (“Scott Springfield Manufacturing”) for consideration totaling $ 184.1 million ($ 183.8 million net of cash acquired.)” 10-K for 2024 | acquisition | March 1, 2024 | $ 184.1 million |
TMGcore, Inc. liquid immersion cooling technologyWord for word“In addition, the Company purchased intellectual property related to liquid immersion cooling technology from TMGcore, Inc.” 10-K for 2024 | acquisition | — | — |
two coatings facilities located in California and FloridaWord for word“On September 19, 2023, we sold two coatings facilities, located in California and Florida, to Protecall, LLC.” 10-K for 2024 | divestiture | September 19, 2023 | — |
three automotive businesses based in GermanyWord for word“On October 31, 2023, we sold three automotive businesses based in Germany to affiliates of Regent, L.P.” 10-K for 2024 | divestiture | October 31, 2023 | — |
Austrian air-cooled automotive businessWord for word“We sold our Austrian air-cooled automotive business on April 30, 2021.” 10-K for 2024 | divestiture | April 30, 2021 | — |
Scott Springfield Manufacturing (Scott Springfield Mfg. Inc.)Word for word“On March 1, 2024, we acquired Scott Springfield Manufacturing, a Canadian-based manufacturer of air handling units, for consideration totaling $184 million.” 10-K for 2025 | acquisition | March 1, 2024 | 184 million |
Napps Technology Corporation (Napps)Word for word“On July 1, 2023, we acquired Napps Technology Corporation (“Napps”), a Texas-based manufacturer of air- and water-cooled chillers, condensing units and heat pumps, for consideration totaling $6 million.” 10-K for 2025 | acquisition | July 1, 2023 | 6 million |
technical service center and administrative support facility in GermanyWord for word“In December 2024, we signed a definitive agreement to sell our technical service center and administrative support facility in Germany to a real estate investment firm for €12 million ($12 million).” 10-K for 2025 | agreed divestiture | — | €12 million ($12 million) |
AbsolutAire, Inc.Word for word“In April 2025, we acquired AbsolutAire, Inc., a Michigan-based manufacturer of direct-fired heating, ventilation, and make-up air systems.” 10-K for 2025 | acquisition | April 2025 | — |
intellectual property and other specific assets from TMGcore, Inc.Word for word“In January 2024, the Company purchased intellectual property and other specific assets from TMGcore, Inc., a specialist in single- and two-phase liquid immersion cooling technology for data centers for $ 12.0 million.” 10-K for 2025 | acquisition | January 2024 | 12.0 million |
two coatings facilities in the United StatesWord for word“Also during fiscal 2024, the Company sold three automotive businesses based in Germany and two coatings facilities in the United States.” 10-K for 2025 | divestiture | fiscal 2024 | — |
L.B. WhiteWord for word“On May 31, 2025, the Company acquired all of the issued and outstanding shares of L.B. White for consideration totaling $ 110.5 million ($ 107.7 million net of cash acquired).” 10-K for 2026 | acquisition | May 31, 2025 | $ 110.5 million |
Climate by DesignWord for word“Climate by Design On July 1, 2025, the Company acquired Climate by Design for $ 64.4 million ($ 63.4 million net of cash acquired).” 10-K for 2026 | acquisition | July 1, 2025 | $ 64.4 million |
Scott Springfield ManufacturingWord for word“On March 1, 2024, we acquired Scott Springfield Manufacturing, a Canadian-based manufacturer of air handling units, for consideration totaling $184 million.” 10-K for 2026 | acquisition | March 1, 2024 | $184 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2017-03-31 | $364.2 million | $150.6 million |
| 2018-03-31 | $0 | — |
| 2019-03-31 | $0 | — |
| 2022-03-31 | $0 | — |
| 2023-03-31 | $0 | — |
| 2024-03-31 | $186.2 million | $65.5 million |
| 2025-03-31 | $3.4 million | — |
| 2026-03-31 | $182.4 million | — |
Deal filings since 2016
- 2026-10-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-10-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2026-05-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-01-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-12-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-07-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-05-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-03-04 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2024-02-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-10-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-05-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-11-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-05-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-07-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-02-15 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-12-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-11-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-09-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Modine Manufacturing’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-05-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.