Control Devices, a portfolio company of Corridor Capital, has acquired the operating assets of KeepFlo, a manufacturer of refrigerant distributors. This is Control Devices’ fourth add-on acquisition. “We are pleased to support the Control Devices management team in yet another excellent acquisition,” said Corridor Capital’s Managing Director, Eddie Monnier.
KeepFlo is a manufacturer of refrigerant distributors used by air conditioning and refrigeration original equipment manufacturers, subsystem manufacturers, and national and regional distributors. The company is based in Fenton, MO (www.keepflo.com).
Control Devices is a manufacturer of flow control valves serving the compressed air, pressure washer, vehicle systems, fire protection, industrial float valve, food service equipment and specialty gas industries. The company is based in St. Louis, MO (www.cdivalve.com).
Corridor Capital makes control investments in mid-market companies with EBITDA of $3 million to $10 million that are in the specialty manufacturing, business services and environmental services industries. Corridor focuses on complex situations, particularly those requiring growth support or operational or financial engagement. Corridor’s investor base includes approximately 150 executives across an array of industries and disciplines that the firm uses as an active resource for its portfolio companies and their teams. The firm is based in Los Angeles, CA (www.corridorcap.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 9-25-12