Celco Controls Ltd, a portfolio company of U.S. private equity firm High Road Capital Partners, has acquired Canadian Process & Control Ltd, a Port Coquitlam, B.C.-based manufacturer of customized process control systems for the resource, refining, chemical, wastewater treatment and manufacturing industries. The financial terms of the deal were not disclosed. Celco Controls said the acquisition solidifies its position as a leader in Western Canada’s automation marketplace. Based in Winnipeg, Manitoba, Celco Controls designs, programs and implements customized automation control systems for a diverse set of end markets. The company was bought by High Road Capital Partners in 2010.
High Road Capital Partners’ Portfolio Company Celco Controls Completes Add-On Acquisition
NEW YORK, February 14, 2014 – High Road Capital Partners (www.highroadcap.com) announced today that its portfolio company Celco Controls has completed the acquisition of Canadian Process & Control. Based in Port Coquitlam, British Columbia, Canadian Process & Control designs, manufactures, and installs customized process control systems for the resource, refining, chemical, wastewater treatment, and manufacturing industries.
“Canadian Process & Control is a market-leading provider of automation solutions to process-based industries,” said Jeff Goodrich, High Road Partner. “This acquisition solidifies Celco Controls’ position as a leader in the automation marketplace in Western Canada by increasing its service offering and expanding its geographical reach.”
“Combining the organizations will provide customers in the British Columbia region and beyond with greater access to high-quality integrated process control design, instrumentation, and calibration services,” said Clay Derrett, Chief Executive Officer of Celco Controls. “The combined company will be able to better serve customers and execute larger, more complicated projects across Western Canada,” he added.
“We at Canadian Process & Control are excited to join Celco Controls,” said Michael Hinman, President of Canadian Process & Control. “As part of the Celco team, we’ll have even more resources and better tools to continue to provide outstanding service to our customers and further grow the business.”
Celco Controls’ acquisition of Canadian Process & Control closed on January 29, 2014. Transaction consideration was not disclosed. Jeff Goodrich, Partner, led the transaction for High Road. Also working on the transaction from High Road were Jerry Anderson, Partner, and Paul Langley, Senior Associate.
High Road has completed 30 transactions, comprising 28 acquisitions – 12 platform investments, 16 add-on acquisitions – and two exits since its founding in 2007. High Road acquired Celco Controls in March 2010.
For further information, please contact Jeff Goodrich of High Road Capital Partners at (212) 554-3265.
High Road Capital Partners
High Road Capital Partners is a private equity firm focused on smaller middle market transactions. High Road was formed in 2007 and currently manages over $470 million of committed capital. High Road focuses on niche-leading companies with revenues of $10 million to $100 million and EBITDA of $3 million to $10 million. Once acquired, High Road works in partnership with management to take the companies to the next level through a combination of organic growth initiatives and add-on acquisitions. More information on High Road may be found on its website, www.highroadcap.com.
Celco Controls, which was founded in 1979, designs, programs, and implements customized automation control systems for a diverse set of end markets, including the resource, refining, chemical, wastewater treatment and manufacturing industries. Celco Controls is headquartered in Winnipeg, Manitoba. www.celcocontrols.com.
Canadian Process & Control
Canadian Process & Control, which was founded in 1963, designs, manufactures and installs process control systems for the refining, chemical, municipal, manufacturing, and technology industries. Canadian Process & Control is headquartered in Port Coquitlam, British Columbia (Greater Vancouver Area). www.cpc.ca.
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