Goldner Hawn Johnson & Morrison Acquires Control Devices, LLC
St. Louis, MO – Control Devices, LLC, is pleased to announce that Goldner Hawn Johnson & Morrison Incorporated ("GHJ&M") acquired Control Devices on August 30, 2013. The company was acquired through GHJ&M's Trailhead Fund Limited Partnership ("Trailhead Fund").
Control Devices, headquartered in Fenton, Missouri, is a leading designer and manufacturer of engineered flow control solutions. It offers customized and standard valves, nozzles and accessories, condensate traps, refrigerant distributors and other products that serve as critical components in end-product applications including pressure washers, air compressors, fire suppression systems, specialty gas systems, HVACR, and heavy truck braking systems. The company leverages its 50 year history as a product innovator and problem-solving design partner to industry-leading customers.
Chris FitzGerald, CEO of Control Devices, stated "Control Devices' leadership team and employee base are very excited about our new association with GHJ&M. We look forward to working with our new partners to decide how best to leverage the additional capital capabilities of GHJ&M to invest in equipment, staff, and acquisitions that together will ensure continued strong growth and segment leadership for our company."
Jason Brass, Managing Director at GHJ&M, added "We are pleased to be partnering with a world class management team that has built a great business capable of growth across a broad spectrum of flow control applications."
Founded in 1989, Minneapolis-based Goldner Hawn Johnson & Morrison is one of the longest standing private equity firms in the Midwest. The firm is actively investing its sixth investment fund with $250 million in committed capital. GHJ&M makes control equity investments in lower middle market companies with EBITDA in the range of $5 million to $15 million and enterprise values from $20 million to $150 million. Additional information is available at the firm’s website, www.ghjm.com.