This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

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

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,387.21 -291.49 -1.65%
S&P 500 2,029.55 -27.54 -1.34%
NASDAQ 4,681.4970 -90.2660 -1.89%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs