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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.

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