BUSINESS: HBM Holdings Completes Acquisition Of Control Devices

dWeb.News Article from Daniel Webster dWeb.News

dWeb.News Article from Daniel Webster dWeb.News

Daniel Webster, dWeb.News Publisher

ST. LOUIS–(BUSINESS WIRE)–HBM Holdings (“HBM”) announced today it has acquired Control Devices, LLC of Fenton, MO. Control Devices, a portfolio company of Goldner Hawn founded in 1963, is a leading designer and manufacturer of highly engineered flow-control products utilized in niche applications across a diverse array of end markets.

The acquisition expands HBM’s portfolio in the industrial components space, adding Control Devices to the existing roster of Mississippi Lime Company, Aerofil Technology, HarperLove, and Schafer Industries. Anderson Fincher, HBM CEO, stated that Control Devices’ design content, application engineering expertise and proven growth strategy make them a great fit for HBM. “We see a terrific opportunity to support the management team in accelerating growth for the company as HBM builds in this market and expands further into the industrial components space.”

For more than 50 years, Control Devices has been trusted to deliver solutions to their customers’ application-specific challenges. Control Devices has a long track record of engineering excellence, with an in-house team of engineers, diverse markets served, as well as a reputation for exceptional quality.

Scott Kerns is Control Devices CEO. He said, “We are thrilled to be part of the HBM portfolio. HBM is the right buyer for us. HBM’s buy and build approach will accelerate our growth strategy and take our ability to service customers to the next stage.”

Mr. Kerns, as well as the Control Devices leadership team, will continue in their roles and drive the company’s growth strategy. Control Devices’ sales, engineering, and operations teams have a long history and are well-versed in flow control applications.

The terms of the Control Devices transaction weren’t disclosed.

ABOUT HBM HOLDINGS

HBM Holdings is an investment and management company that acquires, supports, and operates middle-market businesses in industrial products and services. HBM offers its clients professional management skills, financial resources and human capital that will help them grow. This strategy focuses on building a diverse portfolio through a long-term, buy and build approach. HBM invests in companies that are high performers in the precision machined component, packaging, chemicals, minerals, and environmental service sectors. HBM’s portfolio includes Mississippi Lime Company and Aerofil Technology, HarperLove, Schafer Industries, and other companies. For more information, visit https://hbmholdings.com.

ABOUT CONTROL DEVICES

Control Devices, founded in 1963 and headquartered in Fenton, MO, is a leading designer and manufacturer of engineered flow control solutions in the gas, air and liquid markets. Control Devices manufactures standard and customized valves, condensate traps and refrigerant distributors. They also offer other products that are critical components of end-product applications such as medical systems, air compressors and fire suppression systems.

For more information, visit https://www.cdivalve.com/

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