Roper Technologies to sell majority stake in industrial businesses

The deal is expected to generate over $7 billion for future deals.

  • By Business Observer Staff
  • | 2:00 p.m. June 20, 2022
  • | 0 Free Articles Remaining!
Neil Hunn, Roper Technologies’ president and CEO. (Courtesy photo)
Neil Hunn, Roper Technologies’ president and CEO. (Courtesy photo)
  • Manatee-Sarasota
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Roper Technologies Inc. recently agreed to sell a majority stake in its industrial businesses for roughly $2.6 billion in pre-tax cash proceeds. 

The sale includes businesses within Lakewood Ranch-based Roper’s process technologies, as well as measurement and analytical solutions segments. New York-based private equity firm Clayton, Dubilier and Rice LLC was the buyer. 

 

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