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Control Devices acquires Gilmore

February 6, 2024 By    

Control Devices, a portfolio company of HBM Holdings and designer and manufacturer of highly engineered flow control products, purchased Gilmore. Terms of the transaction were not disclosed.

Gilmore, headquartered in Houston, designs and manufactures high-performance severe service valves (e.g., check, relief, regulator, shuttle, control) and other flow control solutions, including custom valves to meet client specifications and pressure relief systems. Its products are designed for demanding applications and harsh environments in the upstream oil and gas industry.

The acquisition expands Control Devices’ flow control solutions portfolio while widening its reach in the oil and gas market. The acquisition also broadens HBM Holdings’ expertise in the flow control sector.

“Gilmore has a history of excellence in the development of severe service flow control solutions and is known for quality and operational excellence, all supported by the talented Gilmore team,” says Jim Norris, president and CEO of Control Devices. “With this acquisition, we are enthusiastic about expanding our products, technology and capabilities.”

HBM and Control Devices will acquire about 100 new employees as part of the Gilmore acquisition.

“We are excited to be joining the Control Devices and HBM family of companies,” says David Nemetz, CEO of Gilmore. “Being part of this portfolio will accelerate Gilmore’s growth plans, continue the investment in our employees and further our commitment to developing technologies that deliver reliable severe service flow control solutions across the energy market.”

Founded in 1963 and headquartered in Fenton, Missouri, Control Devices is a designer and manufacturer of engineered flow control solutions in the gas, air and liquid markets. Control Devices offers customized and standard valves, condensate traps, refrigerant distributors and other products that serve as components in end-product applications, including medical systems, air compressors, fire suppression systems, specialty gas HVACR and heavy truck braking systems.

HBM Holdings is a privately held global conglomerate focused on acquiring and partnering with middle-market industrial companies. HBM invests in the aerospace and defense, environmental, medical devices and instruments, and packaging industries. HBM’s portfolio of companies includes Mississippi Lime Co., HarperLove, Control Devices and Schafer Industries.

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