# Dover Corporation

Dover Corporation is an Asset Manager based in Dayton, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Dayton, United States
- **Region:** North America
- **Address:** Downers Grove, IL, United States
- **Founded:** 1955
- **Assets under management:** Undisclosed
- **Website:** dovercorporation.com
- **LinkedIn:** https://www.linkedin.com/company/dovercorp

## Regulatory record

- **CRD number:** 105133
- **SEC file number:** 801-35543
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/105133

## About

Dover Corporation is an SEC-registered investment adviser in Dayton, OH, registered since 1989. It manages $509 million in assets, $33 million on a discretionary basis. The firm has 4 employees and 4 investment advisers.

## Sectors

- Industrial Tech
- Energy Transition & Renewables
- Robotics & Automation
- Digital Health

## People

- Richard J. Tobin — President & CEO

## Questions

### How does Dover source and execute new investments?

Dover deploys capital primarily through a disciplined acquisition strategy focused on bolt-on deals that complement its existing five operating segments. Target companies tend to be high-margin engineered product manufacturers with strong intellectual property. The corporate development team works alongside segment leaders to identify, evaluate, and integrate new businesses into the decentralized operating model.

### What is Dover's investment holding period?

Dover operates with a permanent capital structure, which means it can hold businesses indefinitely. There is no mandated exit horizon or fund-life constraint. The company does periodically divest underperforming or non-core assets, such as the 2024 sale of its Environmental Solutions Group, to recycle capital into higher-margin opportunities.

### Which sectors does Dover explicitly avoid?

The company has systematically reduced exposure to commoditized, capital-intensive energy businesses over the past decade. The 2024 divestiture of the Environmental Solutions Group was part of this ongoing shift. Dover now explicitly prioritizes high-margin, less cyclical verticals such as clean energy, automation, precision components, and digital identification.

### How does Dover's decentralized model influence its portfolio operations?

Each operating company within Dover runs with a high degree of autonomy under its own management team. Corporate provides capital, strategic guidance, and governance, while local management handles day-to-day decisions, product development, and market execution. This model is designed to preserve the entrepreneurial culture of acquired businesses while leveraging the financial strength of the larger entity.

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Last updated: 2026-06-03T20:00:00.000Z

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