Los Angeles-based Corridor Capital, LLC is pleased to announce that its portfolio company, Control Devices, LLC acquired the operating assets of Robert Manufacturing Company, Inc. Control Devices closed the $3.55 million all-cash transaction on January 5, 2010.
St. Louis-based Control Devices, LLC is a leading manufacturer of high-quality valves and nozzles serving the compressed air, pressure washer, vehicle systems, fluid power, fire protection, and specialty gas industries. “Control Devices endeavors to increase the service and quality levels delivered to Robert Manufacturing’s customers. We believe this deal will result in improved capacity utilization of Control Devices’ existing physical infrastructure and team.” said Corridor Capital, LLC Chief Executive Officer, Craig Enenstein.
Founded in 1936, Robert Manufacturing Company, Inc. designed and manufactured float valves and related assemblies for OEM’s and distributors. The company filed for Chapter 11 bankruptcy protection in May 2009.
Corridor Capital, LLC 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.