DuAll Precision, a niche manufacturer of hydraulic cartridge valve components, has been acquired by O2 Investment Partners. O2 partnered with the DuAll’s founders – Michael Butler and Stanley Boksa – to complete this transaction.
As part of its custom engineered valve and flow control strategy, O2 Investment Partners acquired DuAll Precision through O2 Specialty Mfg Holdings, which also owns its existing valve manufacturing business, Mercury Manufacturing Company, located in Wyandotte, MI. The two businesses will continue to operate out of their existing facilities and will be led by Kent Niederhofer, CEO of O2 Specialty Mfg Holdings.
DuAll is a manufacturer of components for hydraulic cartridge valves, including check valves, solenoid valves, sequence valves, directional valves, counter balance valves and pressure control valves. The company primarily provides components for hydraulic systems in the transportation, agriculture and heavy equipment markets. DuAll Precision was founded in 1990 and is based near Chicago in Addison, IL (www.duallusa.com).
Mercury Manufacturing Company is a manufacturer of pressure relief valves, check valves, precision machined components and assemblies serving the automotive, heavy duty truck, air conditioning and refrigeration markets. The company was founded in 1964 and is based in Wyandotte, MI (www.mercurymfg.com). O2 acquired Mercury in January 2013.
“Our partnership with O2 – an organization which shares our values and strategic vision – provides access to the resources necessary for DuAll to continue its growth trajectory with existing core products and customers while allowing for expansion into additional targeted niche markets, products and technologies, including opportunities with our new sister company, Mercury Manufacturing,” said Mr. Butler.
“We are very pleased to be partnering with Michael Butler and Stanley Boksa to invest in DuAll and its employees. We share a common vision for this business that is very complementary with Mercury Manufacturing,” said Jay Hansen, Managing Partner of O2 Investment Partners. “We look forward to supporting Michael, Stanley, Kent and the DuAll team in achieving their plan. DuAll has the right combination of a talented and experienced workforce, strong engineering and efficient manufacturing processes to grow within its existing markets. In addition, with the new relationship with Mercury, the additional growth opportunities for both businesses are truly exciting.”
O2 Investment Partners makes control investments in companies with EBITDAs from $2 million to $8 million located anywhere in the US and Canada but has a preference for the Midwest and the Great Lakes regions. The firm’s typical transaction size is $5 million to $50 million. Industries of interest include manufacturing, niche distribution, select service and technology businesses. O2 Investment Partners is based in Bloomfield Hills, MI (www.o2investment.com).
2014 PEPD • Private Equity’s Leading News Magazine • 6-18-14
