Generational Equity Announces the Acquisition of Kerick Valve, Inc., by Control Devices, LLC
DALLAS, Dec. 3, 2013 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, Kerick Valve, Inc., (Kerick Valve) headquartered in Jacksonville, Florida, by Control Devices, LLC., (Control Devices), headquartered in Fenton, Missouri, a portfolio company of Minneapolis-based Goldner Hawn Johnson & Morrison, (GHJ&M). The acquisition closed on November 1, 2013.
Kerick Valve 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 GHJ&M Managing Director, Jason Brass.
Managing Director Don Sawyer led the Generational Equity deal team that advised Kerick Valve on the transaction.
Founded in 1989, Minneapolis-based GHJ&M 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.
About Generational Equity
Generational Equity provides mergers, acquisitions, strategic growth advisory services, and information for privately held and family-owned businesses to exit their companies successfully. Generational Equity uses a four-phase approach that includes education, financial analysis and reporting, sales documentation and deal-making ability to offer business owners an unparalleled level of commitment and experience, all focused on helping to release the generational equity and wealth in every business. Generational Equity is headquartered in Dallas, TX, has more than 200 professionals in North America, and was recently recognized by the M&A Advisor as the M&A Consulting/Advisory service firm of the year. For more information visit the following websites at www.genequityco.com, www.gecpress.com or http://blog.genequityco.com/.
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