Dechert Advises Graham Partners on Sale of Acme Cryogenics

Dechert advised Graham Partners on the private equity firm’s sale of its portfolio company, Acme Cryogenics Inc., the law firm said in an email.

Allentown, Pa.-based Acme provides components and services for producing, storing, and distributing cryogenic gases and liquids. The equipment includes such things as valves, regulators, vacuum-jacketed piping, fittings, safety devices, and other components.

Industrial company Dover Corp. paid $295 million for Acme, and the deal is completed, Downers Grove, Ill.-based Dover said in a statement.

Acme’s products complement Dover’s existing clean energy offerings for hydrogen, liquefied natural gas, and liquefied petroleum gas applications, Dover said.

Acme employs ...