High Pressure Equipment Company is a manufacturer of valves, fittings, tubing and accessories for use in high pressure applications. The company’s products operate at pressures up to 150,000 psi and are sold through a global distribution network to diverse end markets, including oil and gas, waterjet cutting and blasting, institutional research, chemical and petrochemical. The company was founded in 1954 and is headquartered in Erie, PA (www.highpressure.com).
“We are excited to be investing alongside the James family and the management team at High Pressure,” said Robert Fogelson, Managing Director of Wasserstein & Co. “The company has a long-standing leadership position in a fast-growing industry which will provide a solid foundation for future growth.”
Wasserstein & Co. is focused primarily on leveraged buyout investments and related investment activities in the media, consumer products and water equipment and services industries. The firm has offices in New York and Los Angeles (www.wasserco.com).
Janney’s Infrastructure Group acted as exclusive sell-side advisor to High Pressure Equipment Company.
© 2012 PEPD • Private Equity’s Leading News Magazine • 9-6-12