Modine Manufacturing Company, a leading thermal management technology provider, today announced its planned acquisition of L.B. White, a specialty heating solutions company, in a transaction valued at $112 million. The deal, supported by legal counsel from Godfrey & Kahn, marks a strategic expansion in Modine’s heating portfolio and aligns with its long-term growth strategy.
Founded in Onalaska, Wisconsin, L.B. White is a recognized leader in heating solutions across agriculture, construction, and special event industries. Its offerings include direct-fired forced air, radiant, indirect-fired, and electric heating technologies. The company also maintains manufacturing and distribution operations in Georgia and expects to report $73.5 million in revenue for its fiscal year ending Saturday.
“This acquisition of L.B. White reflects our commitment to expanding and diversifying Modine’s portfolio with high-performing, complementary technologies,” said Neil D. Brinker, President and CEO of Modine. “Their expertise in mission-critical climate control aligns seamlessly with our vision and recent acquisition of AbsolutAire.”
Modine highlighted L.B. White’s strong market position in swine and poultry agriculture heating, along with leadership in portable heating solutions across North America. Once finalized, the acquisition will integrate L.B. White into Modine’s HVAC Technologies product group, while retaining the company’s current leadership team.
The transaction is expected to be immediately accretive to earnings, with additional growth potential and synergy-driven cost savings.
“L.B. White’s trusted heating products and proven track record perfectly complement Modine’s legacy of innovation,” said Eric McGinnis, President of Climate Solutions at Modine. “Together, we’ll strengthen our ability to meet evolving customer needs across multiple industries.”
The Modine acquisition of L.B. White is expected to close Saturday, pending customary conditions.
