Control Devices, LLC Acquires KeepFlo Inc.
FOR IMMEDIATE RELEASE
September 10, 2012
Corridor Capital’s Control Devices Acquires KeepFlo Inc.
Los Angeles-based Corridor Capital, LLC announced today that its portfolio company Control Devices, LLC acquired the operating assets of KeepFlo Inc. The transaction, which is Control Devices’ fourth add-on acquisition, closed on September 7, 2012.
KeepFlo Inc. is a leading manufacturer of refrigerant distributors, critical components of air conditioning and refrigeration systems. KeepFlo supplies Venturi-Flo™ and nozzle-type distributors to leading air conditioning and refrigeration original equipment manufacturers, subsystem manufacturers, and national and regional distributors. Control Devices’ CEO, Chris FitzGerald, commented, “We look forward to upholding KeepFlo’s reputation as a high-quality and highly responsive supplier to the industrial trade. Additionally, Control Devices and KeepFlo have very complementary machining capabilities, which will enable us to satisfy interest from customers with higher volume needs.”
Control Devices, LLC is a leading designer and manufacturer of specialty valves and other high quality flow control products that are supplied for standard and custom-engineered applications in diverse industries and systems such as pressure washers, air compressors, fire suppression systems, specialty gas and automotive. “We are pleased to support the Control Devices management team in yet another excellent acquisition,” said Corridor Capital’s Managing Director, Eddie Monnier.
About Corridor Capital, LLC
Corridor Capital, LLC is a lower middle market private equity firm investing in the specialty manufacturing and asset-intensive business services sectors. Leveraging its internal operating expertise and extensive executive network, Corridor works as an active partner to its management teams to build sustainable and scalable infrastructures.
For further information contact:
Control Devices, LLC
1555 Larkin Williams Road
Fenton, MO 63026
Corridor Capital, LLC
12400 Wilshire Boulevard
Los Angeles, CA 90025