Control Devices, a portfolio company of Goldner Hawn Johnson & Morrison, has acquired Kerick Valve, a manufacturer of PVC float valves.
Kerick Valve is a manufacturer of PVC float valves and related components that are used in a variety of industrial and agricultural applications including cooling towers, irrigation and water treatment, livestock and animal watering, and commercial ice-making equipment. Kerick Valve is based in Jacksonville, FL (www.floatvalve.com).
“Kerick Valve is a name synonymous with the highest quality, made-in-America PVC float valves, and its product line is highly complementary to Control Devices’ existing broad line of Bob® and Bobby® branded industrial float valves. We look forward to upholding Kerick Valve’s reputation as a high-quality and highly responsive supplier to the industrial and agricultural trade,” said Control Devices’ CEO, Chris FitzGerald.
Control Devices designs and manufactures engineered flow control products. The company offers customized and standard valves, nozzles and accessories, condensate traps, refrigerant distributors and other products that serve as components in end-product applications including pressure washers, air compressors, fire suppression systems, specialty gas systems, HVACR, and heavy truck braking systems. Control Devices was acquired by Goldner Hawn in August 2013 and is based in Fenton, MO (www.cdivalve.com).
“We are pleased to support the Control Devices management team in yet another excellent acquisition,” said Goldner Hawn Managing Director, Jason Brass.
Goldner Hawn Johnson & Morrison invests from $10 million to $25 million in companies located in the upper Midwest that have enterprise values from $20 million to $150 million. Sectors of interest include food manufacturing and distribution, consumer products, business services, transportation and niche manufacturing. The firm was founded in 1989 and is based in Minneapolis (www.ghjm.com).
Dallas-based investment bank Generational Equity (www.genequityco.com) represented Kerick Valve in this transaction. Managing Director Don Sawyer led the Generational Equity deal team.
© 2013 PEPD • Private Equity’s Leading News Magazine • 12-6-13
