HBM Holdings completes the acquisition of control devices

Addition Expands Portfolio of Specialty Manufacturing Companies

ST. LOUIS, October 14, 2021– (BUSINESS WIRE) – HBM Holdings (“HBM”) today announced the acquisition of Control Devices, LLC of Fenton, MO. Control Devices, a Goldner Hawn portfolio company founded in 1963, is a leading designer and manufacturer of high-tech flow control products used in niche applications in a wide range of end markets.

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The acquisition expands HBM’s industrial components portfolio, adding Control Devices to the existing roster of Mississippi Lime Company, Aerofil Technology, HarperLove and Schafer Industries.

“Control Devices’ application engineering expertise, design content and proven growth strategy make it an ideal fit for the HBM portfolio,” said Anderson Fincher, CEO of HBM. “We see a tremendous opportunity to support the leadership team in accelerating the growth of the business as HBM expands into this market and further expands into the industrial components space.”

For over 50 years, Control Devices has been trusted to provide solutions to our customers’ application specific challenges. The company has a long history of proven engineering expertise with an in-house engineering team, diverse markets served and a reputation for exceptional quality.

Scott Kerns, CEO of Control Devices, commented: “We are delighted to be part of the HBM portfolio. HBM is the right owner for us. the next level. “

Mr. Kerns and the current management team at Control Devices will retain their roles and continue to lead the company’s growth strategy. Control Devices’ sales, engineering and operations teams have extensive experience and valuable expertise in industrial flow control applications.

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Terms of the Control Devices transaction were not disclosed.

ABOUT HBM HOLDINGS

HBM Holdings is an investment and management company that acquires, supports and operates mid-market companies in industrial products and services. With a strategy focused on growing a diversified portfolio using a long-term buy and build approach, HBM provides its businesses with professional management expertise, financial resources and high potential human capital to accelerate their business. growth. HBM invests in successful companies in the areas of precision machined components, packaging, chemicals and minerals, and environmental services. The company’s portfolio of businesses includes Mississippi Lime Company, Aerofil Technology, HarperLove, and Schafer Industries. 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 flow control solutions in the gas, air and liquid markets. Control Devices offers custom and standard valves, condensate drains, refrigerant distributors, and other products that serve as critical components in end product applications, including medical systems, air compressors, refrigerant systems. fire extinguishing and special gas HVACR and heavy truck braking systems.

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

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Contacts

FOR MORE INFORMATION:
HBM HOLDINGS
Amy Champs
SVP Administration & Chief People Officer
[email protected]
T +1 314-376-2550