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Roper Technologies
American diversified industrial company

Roper Technologies, Inc. (formerly Roper Industries, Inc.) is an American industrial conglomerate based in Sarasota, Florida.

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History

George D. Roper founded the company in 1890, it was primarily focused on the manufacturing of home appliances, pumps, and other industrial products. He had part ownership of the Van Wie Gas Stove Company of Cleveland, Ohio. The Van Wie plant moved to Rockford, Illinois and passed into the hands trustees in the early 1890s. George D. Roper became the sole owner of the Van Wie Gas Stove company after the company's debts had been paid off on September 1, 1894. 10 days later, a fire destroyed the facility. The factory was rebuilt and renamed as the Eclipse Gas Stove Company, and later expanded in 1906 to include the Trahern Pump Company, founded in 1857.2

In 1957, George D. Roper sold his stove business to Florence Stove Co. of Kankakee, IL. The stoves continued to operate under the name George D. Roper, despite the original company changing its name to Roper Pump Company.34 In 1966, George D. Roper entered the outdoor lawn equipment market, acquiring David Bradley Manufacturing Works from Sears.5

In 1981 Roper Pump Co. reorganized into Roper Industries.6

In 1982, Roper moved his appliance production factory (originally Florence Stove Company) from 2207 W Station, Kankakee, IL to a plant in LaFayette, Georgia. The Kankakee factory was razed in 2016.7 In 1988, Electrolux purchased Roper's lawn and garden products division. Roper was added to Husqvarna and Poulan/Weedeater divisions forming the new brand American Yard Products.8 In 1989, Whirlpool Corporation acquired the Roper brand.9

In 1992, Roper initiated a corporate acquisition program, supported by an initial public offering.10 Between 2001 and 2018, Brian Jellison, a former executive of General Electric and Ingersoll-Rand, served as CEO.11 On April 24, 2015, Roper Industries Inc. changed its corporate name to Roper Technologies, Inc.12

In August 2023, it was announced that Roper Technologies had acquired the Chicago-headquartered cloud-based performance management and data solutions company, Syntellis Performance Solutions, for $1.25 billion.13

Subsidiaries

  • DAT Solutions
  • Innovative Product Achievements, LLC (IPA)
  • Compressor Controls Corporation (CCC)
  • DAP Technologies
  • Neptune Technology Group, Inc
  • Roper Pump Co.
  • Princeton Instruments
  • Verathon, Inc.14

References

  1. "Roper Industries Announces Name Change to Roper Technologies". www.prnewswire.com. Retrieved 2016-01-18. http://www.prnewswire.com/news-releases/roper-industries-announces-name-change-to-roper-technologies-300071965.html ↩

  2. "van-wie-eclipse-roper - RockfordReminisce.com". Archived from the original on 2018-06-04. https://web.archive.org/web/20180604204445/http://www.rockfordreminisce.com/van-wie-eclipse-roper/ ↩

  3. "Geo. D. Roper Corporation name change to Roper Industries, 1957". 20 September 2016. https://history.rockfordpubliclibrary.org/localhistory/?p=46802 ↩

  4. "van-wie-eclipse-roper - RockfordReminisce.com". Archived from the original on 2018-06-04. https://web.archive.org/web/20180604204445/http://www.rockfordreminisce.com/van-wie-eclipse-roper/ ↩

  5. "TractorData.com - Roper lawn tractors sorted by model". https://www.tractordtata.com/lawn-tractors/tractor-brands/roper/roper-lawn-tractors.html ↩

  6. "Roper Industries, Inc. | Encyclopedia.com". https://www.encyclopedia.com/books/politics-and-business-magazines/roper-industries-inc ↩

  7. https://www.sj-r.com/story/news/2016/03/04/roper-stove-plant-in-kankakee/32440922007/ |title = Kankakee factory razed https://www.sj-r.com/story/news/2016/03/04/roper-stove-plant-in-kankakee/32440922007/ ↩

  8. "TractorData.com - AYP lawn tractors sorted by model;". https://www.tractordata.com/lawn-tractors/tractor-brands/ayp/ayp-lawn-tractors.html ↩

  9. "Rival Pulls Out; GE Unopposed in Bid for Roper". Los Angeles Times. 2 April 1988. https://www.latimes.com/archives/la-xpm-1988-04-02-fi-596-story.html ↩

  10. "NYSE ROP" (PDF). https://www.annualreports.com/HostedData/AnnualReportArchive/r/NYSE_ROP_2014.pdf?utm_source=chatgpt.com ↩

  11. Brian Jellison 1945-2018 Obituary|Retrieved 2019-06-05 https://www.legacy.com/obituaries/heraldtribune/obituary.aspx?n=brian-jellison&pid=190642046 ↩

  12. "Roper Industries Announces Name Change to Roper Technologies | Roper Technologies | A Diversified Growth Company". https://www.ropertech.com/roper-industries-announces-name-change-roper-technologies ↩

  13. FinSMEs (2023-08-14). "Roper Technologies Acquires Syntellis Performance Solutions". FinSMEs. Retrieved 2023-08-14. https://www.finsmes.com/2023/08/roper-technologies-acquires-syntellis-performance-solutions.html ↩

  14. "Our Company". verathon.com. Retrieved 2020-06-12. https://www.verathon.com/our-company/ ↩

  15. The CBORD Group Contact Page https://www.cbord.com/contact/ ↩

  16. ConstructConnect. "Executive Leadership Team | ConstructConnect". www.constructconnect.com. Retrieved 2022-04-13. https://www.constructconnect.com/executive-team ↩

  17. "Roper Technologies to Acquire ConstructConnect, Leading Provider of SaaS Solutions for the Commercial Construction Industry | Roper Technologies | A Diversified Growth Company". www.ropertech.com. Retrieved 2021-04-02. https://www.ropertech.com/roper-technologies-acquire-constructconnect-leading-provider-saas-solutions-commercial-construction ↩

  18. Bach, James (December 6, 2016). "Herndon-based Deltek to be acquired for $2.8B". www.bizjournals.com. Retrieved 2023-09-20. https://www.bizjournals.com/washington/news/2016/12/06/herndon-based-deltek-to-be-acquired-for-2-8b.html ↩

  19. "Roper Technologies to Acquire Frontline Education". Roper Technologies Investor Relations. 2022-08-30. https://investors.ropertech.com/investors/news-releases/news-details/2022/Roper-Technologies-to-Acquire-Frontline-Education/default.aspx ↩

  20. Roper Industries to Buy Sunquest Information Systems for $1.4 Billion https://dealbook.nytimes.com/2012/07/30/roper-industries-to-buy-sunquest-information-systems-for-1-4-billion/ ↩

  21. "Roper to Acquire Insurance Software Firm Vertafore for $5.35 Billion". Insurance Journal. 2020-08-13. Retrieved 2020-08-14. https://www.insurancejournal.com/news/national/2020/08/13/578970.htm ↩

  22. "Roper to buy Transact Campus for $1.5 bln to grow education business". Reuters. 15 August 2024. Retrieved 18 October 2024. https://www.reuters.com/markets/deals/roper-technologies-buy-transact-campus-15-billion-2024-08-15/ ↩