History
The company was founded by George D. Roper in 1890, primarily as a manufacturer of home appliances, pumps, and other industrial products. He entered part ownership in the Van Wie Gas Stove Company of Cleveland, Ohio. The Van Wie plant moved to Rockford, Illinois and passed into trusteeship in the early 1890s. George D. Roper became the sole owner of the Van Wie Gas Stove company after the company's debts were 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 to include the Trahern Pump Company, found in 1857 and acquired in 1906. [3]
In 1957, George D. Roper sold his stove business to the Florence Stove Co. of Kankakee, IL. The stoves continued to operate under the name George D. Roper, the original company changing its name to Roper Pump Company. [4] [3] 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 to 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 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 offer freight load board products. The underlying framework is the DAT Network, an electronic freight posting service, acquired in 2001 from the Jubitz Corporation. DAT Solutions began as Dial-A-Truck, a load board operated at the Jubitz Truck Stop in Portland, Oregon.
IPA (Innovative Product Achievements, LLC) [14] - IPA manufactures automated surgical scrub and linen dispensing equipment. [15]
Manufacturing subsidiaries
- Compressor Controls Corporation (CCC)
- DAP Technologies
- Neptune Technology Group, Inc
- Roper Pump Co.
- Princeton Instruments
- Verathon, Inc. [16]
Software subsidiaries
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US$6.18 billion (2023)
US$1.38 billion (2023)