Sunday, February 14, 2016

St. Joe's MBA moves his $2B company home to Philly

Barry Pennypacker is relocating Gardner Denver Inc. to the Philadelphia area.

St. Joe's MBA moves his $2B company home to Philly

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Gardner Denver, Inc.'s decision to move its global headquarters and legal, computer and financial services, away from its pump and compressor plants in the Mississippi River town of Quincy, Ill., to the Philadelphia area (site as-yet undetermined), followed a "relocation analysis with the help of an external consultant" in search of better "accessibility to (U.S. and foreign) customers," plus "a broader pool of local professional" job applicants, CEO Barry L. Pennypacker said in a statement yesterday.

Pennypacker
didn't mention that he's a graduate of Penn State and St. Joe's MBA program; since CEO preference is an important part of corporate location, we don't think that hurt this region's chances.  He did thank " the Pennsylvania Governor's office and Select Greater Philadelphia" for helping sell his company on Philly (what did they give the company, exactly?) Gardner Denver is a publicly-traded company with sales of $1.8 Billion in pumps, compressors, and cargo-transfer equipment.

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About this blog

PhillyDeals posts interviews, drafts and updates that Joseph N. DiStefano writes alongside his Sunday and Monday columns and ongoing articles about Philadelphia-area business.

DiStefano studied economics, history and a little engineering at Penn. He taught writing and research at St. Joe’s. He has written for the Inquirer since 1989, except when he left a few times to work at Bloomberg and elsewhere. He wrote the book Comcasted, and raised six kids with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, 215.854.5194, @PhillyJoeD. Read his blog posts at http://www.philly.com/PhillyDeals and his Inquirer columns at http://www.philly.com/philly/columnists/joseph-distefano/. Bloomberg posts his items at NH BLG_PHILLYDEAL.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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