Celco Controls, a portfolio company of High Road Capital Partners, has completed the acquisition of Canadian Process & Control. The transaction closed on January 29, 2014.
Canadian Process & Control designs, manufactures, and installs customized process control systems for the resource, refining, chemical, wastewater treatment, and manufacturing industries. The company was founded in 1963 and is headquartered near Vancouver in Port Coquitlam, BC (www.cpc.ca).
“Canadian Process & Control is a market-leading provider of automation solutions to process-based industries,” said Jeff Goodrich, High Road Partner. “This acquisition solidifies Celco Controls’ position as a leader in the automation marketplace in Western Canada by increasing its service offering and expanding its geographical reach.”
Celco Controls engineers, programs, and assembles customized automation control systems for a variety of end-markets, including resource, refining, chemical, wastewater treatment and manufacturing industries. The company was founded in 1979 and acquired by High Road in March 2010. Celco Controls is headquartered in Winnipeg, MB (www.celcocontrols.com).
High Road Capital Partners invests in manufacturing, service, or value-added distribution businesses with revenues of $10 million to $100 million and EBITDAs of $3 million to $10 million. The firm was formed in 2007 and currently manages over $470 million of committed capital. High Road has completed 30 transactions, comprising 28 acquisitions – 12 platform investments, 16 add-on acquisitions – and two exits since its founding in 2007. High Road is based in New York (www.highroadcap.com).
Jeff Goodrich, Partner, led the transaction for High Road. Also working on the transaction from High Road were Jerry Anderson, Partner, and Paul Langley, Senior Associate.
© 2014 PEPD • Private Equity’s Leading News Magazine • 2-14-14
