CPS Products Canada Ltd, a division of CPS Products Inc, has purchased UView Ultraviolet Systems Inc, a Mississauga, Ontario-based manufacturer of tools and equipment for professional automotive technicians. The financial details of the transaction were not released. UView’s primary business lines, UView, MotorVac and TerraClean, will continue to operate independently, CPS said. Based in Hialeah, Florida, CPS is a manufacturer of tools, equipment and instruments and is a portfolio company of U.S. private equity firm Harbour Group. Harbour bought the company in November 2012.
CPS Products acquires UView Ultraviolet Systems
MAY 7, 2014
CPS Products Canada, Ltd., a Harbour Group company, acquired the assets of UView Ultraviolet Systems, Inc., Jeff Fox, Harbour Group’s chairman and chief executive officer, announced. Terms of the transaction were not disclosed.
Based in Mississauga, Ontario, UView manufacturers tools and equipment for professional automotive technicians. The company’s core markets are automotive fluid exchange and fuel service equipment and chemicals and automotive air conditioning refrigerant leak detection. The company’s brands, each a market leader, include UView, MotorVac and TerraClean.
Fox said, “We are confident that the addition of UView’s outstanding team, rock-solid product lineup and excellent reputation for top-tier service will make CPS an even better business. We are eager to welcome the employees of UView into the Harbour Group family, and look forward to building upon the strong foundation they’ve built. We will continue to invest heavily in both people and operating infrastructure to ensure that this combined business accelerates its successes going forward.”
“This acquisition is a significant step forward in our ongoing drive to become the world’s leading company focused on the professional technician,” stated Paul Baldetti, president of CPS. “UView has an outstanding reputation in the automotive technician community and their culture aligns very well with ours – the teams from both companies are committed to building the best tools possible for professional technicians because we know that the technician’s income depends on those tools.”
Phil Trigiani, a co-founder of UView, stated, “This is a wonderful business combination for all parties — employees, customers and suppliers — all will benefit from the new combined synergies.”
Tony Ferraro, the company’s other founder commented, “The combined engineering talent of the two companies will undoubtedly increase the pace of product enhancements and the creation of new product lines, all of which will help our professional technician customers.”
SOURCE: CPS PRODUCTS
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