Control Devices, LLC Acquires Kerick Valve Inc.

Minneapolis-based Goldner Hawn Johnson & Morrison (“GHJ&M”) announced today that its portfolio company Control Devices, LLC acquired the operating assets of Kerick Valve Inc. of Jacksonville, Florida. The transaction, which is Control Devices’ fifth add-on acquisition, closed on November 1, 2013.

Kerick Valve Inc. is a leading manufacturer of PVC float valves and other related components that are used in a wide variety of industrial and agricultural applications including cooling towers, irrigation and water treatment, livestock and animal watering, and commercial ice-making equipment.  Control Devices’ CEO, Chris FitzGerald, commented, “Kerick Valve is a name synonymous with the highest quality made-in-America PVC float valves, and its product line is highly complementary to Control Devices’ existing broad line of Bob® and Bobby® branded industrial float valves.  We look forward to upholding Kerick Valve’s reputation as a high-quality and highly responsive supplier to the industrial and agricultural trade.”

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. “We are pleased to support the Control Devices management team in yet another excellent acquisition,” said Goldner Hawn Johnson & Morrison’s Managing Director, Jason Brass.”

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.

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