Corridor Capital’s Control Devices Acquires KeepFlo, Inc.

September 10, 2012 | Transactions

Los Angeles-based Corridor Capital, LLC (“Corridor Capital”) announced today that its portfolio company Control Devices, LLC (“Control Devices”) acquired the operating assets of KeepFlo, Inc. (“KeepFlo”). The transaction, which is Control Devices’ fourth add-on acquisition, closed on September 7, 2012.

KeepFlo Inc. is a leading manufacturer of refrigerant distributors, critical components of air conditioning and refrigeration systems. KeepFlo supplies Venturi-Flo™ and nozzle-type distributors to leading air conditioning and refrigeration original equipment manufacturers, subsystem manufacturers, and national and regional distributors. Control Devices’ CEO Chris FitzGerald commented, “We look forward to upholding KeepFlo’s reputation as a high-quality and highly responsive supplier to the industrial trade. Additionally, Control Devices and KeepFlo have very complementary machining capabilities, which will enable us to satisfy interest from customers with higher volume needs.”

Control Devices is a leading designer and manufacturer of specialty valves and other high-quality flow control products that are supplied for standard and custom-engineered applications in diverse industries and systems such as pressure washers, air compressors, fire suppression systems, specialty gas and automotive. “We are pleased to support the Control Devices management team in yet another excellent acquisition”, said Corridor Capital’s CEO Craig Enenstein.

Corridor Capital is a lower middle market private equity firm investing in the specialty manufacturing and asset-intensive business services sectors. Leveraging its internal operating expertise and extensive executive network, Corridor works as an active partner to its management teams to build sustainable and scalable infrastructures.