BIRMINGHAM, Mich., July 8, 2015 /PRNewswire/ -- Quarton Partners is pleased to announce that Delta Industrial Valves, Inc. ("Delta" or the "Company"), has been acquired by The Weir Group PLC ("Weir"). Delta is a leading manufacturer of severe service knife gate valves for the oil sands, mining and industrial markets. Quarton Partners acted as the exclusive financial advisor to Delta in this transaction.
The acquisition extends Weir Minerals' leading presence in the mining and oil sands markets by expanding the division's portfolio of valve products, particularly knife gate valves, for use in the transportation of slurry.
Keith Cochrane, Chief Executive of The Weir Group, said:
"Weir is a global leader in process critical products in the mining and oil sands markets and the acquisition of Delta further strengthens our comprehensive offering to customers. Delta's strong brand and reputation, together with Weir's global capability, mean we will be able to offer our customers new ways to increase efficiency at a time when the industry is focused on reducing costs and increasing productivity."
Mark Johnson, Vice President of Delta, said:
"We are delighted that Delta will be joining one of the world's leading engineering businesses. Delta will be able to take advantage of Weir's presence in more than 70 countries, bringing our valves technology to customers all over the world. We see significant opportunities ahead in what remain long-term growth markets."
Delta Industrial Valves (www.deltavalves.com), founded in 1987 and headquartered in Niles, Michigan, is a leading designer and manufacturer of a range of ASME class 150, 300 and 600 knife gate valves for the mining, oil sands and other industrial markets in North America, with a growing international presence. Delta's products are capable of cutting, shearing and closing against solids while still producing a zero leakage tight shut-off, and include the world's only Safety Integrity Level certified knife gate valve series.
The Weir Group (www.weir.co.uk), founded in 1871 and headquartered in Glasgow, Scotland, is one of the world's leading engineering businesses, providing innovative product and service solutions for a customer base that includes the world's largest mining houses, major oil services businesses and nuclear and conventional power generation companies. The business has a presence in more than 70 countries, with over 15,000 people in 200 manufacturing facilities and service centers around the world working in three divisions: Minerals, Oil & Gas, and Power & Industrial.
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Quarton Partners (www.quartonpartners.com), headquartered in Birmingham, Michigan, is a premier middle market investment banking firm, serving privately held and publicly traded companies, as well as private equity firms. Quarton Partners assists its clients with mergers and acquisitions, private capital raising, valuations and other financial advisory services. Its principals have successfully completed hundreds of engagements in a variety of industries across the U.S. and throughout the world.
All securities offered through Quarton Securities, L.P., a member of FINRA and SIPC, and an affiliate of Quarton Partners, LLC.
SOURCE Quarton Partners