Peak Rock Capital Affiliate Acquires Precision Valve Holdings Corporation
AUSTIN, Texas, May 4, 2015 /PRNewswire/ -- An affiliate of Peak Rock Capital ("Peak Rock"), an Austin, Texas based private equity firm, announced today that it has acquired Precision Valve Holdings Corporation ("Precision Valve" or the "Company"), a leading global manufacturer of aerosol valves, custom actuators and other dispensing solutions.
Founded in 1949 by the inventor of the aerosol valve, Precision Valve is one of the world's largest producers of valves, actuators and related dispensing solutions. The Company operates a global network of facilities spanning sixteen countries on six continents, serving a diverse customer base comprised of many of the largest multinational consumer packaged goods companies. In supplying a variety of end markets, including personal care, household, food & beverage, industrial and pharmaceutical, Precision Valve has garnered a strong reputation for providing unmatched product variety, exceptional quality and tireless customer service.
Anthony DiSimone, Chief Executive Officer of Peak Rock Capital, said, "Our investment in Precision Valve is a great example of Peak Rock's continued interest in investing in leading middle market manufacturing businesses, particularly packaging related companies that serve high-growth consumer, personal care and pharmaceutical end markets. This acquisition also highlights our experience and distinct capabilities in quickly closing complex cross border transactions, leveraging the expertise of our multinational team."
Robert Strauss, Managing Director of Peak Rock Capital, added, "Precision's Valve's strong market position, leading global footprint and blue-chip customer base made this a highly compelling acquisition. We believe that Precision Valve represents an excellent platform for growth through both organic initiatives and strategic acquisitions, and we look forward to working with its talented management team in pursuing these exciting opportunities."
Doug Hind, Chief Executive Officer of Precision Valve, commented, "Precision Valve has been at the forefront of the aerosol valve industry since the Company's inception. We are eager to work with Peak Rock to execute transformational initiatives and investments, especially in innovation and new product development, as we pursue continued growth in partnership with our customers, suppliers and employees."
ABOUT PRECISION VALVE HOLDINGS CORPORATION
Founded in 1949 by the inventor of the aerosol valve, Precision Valve is a leading global manufacturer of aerosol valves, custom actuators and other dispensing solutions for a variety of end markets, including personal care, household, food & beverage, industrial and pharmaceutical. Based in New York, the Company operates a multinational network of facilities spanning sixteen countries on six continents.
ABOUT PEAK ROCK CAPITAL
Peak Rock Capital is a leading middle-market private equity firm that makes debt and equity investments in companies in North America and Europe. Peak Rock focuses on investing in opportunities where it can support senior management in driving rapid growth and profit improvement through operational and strategic change. Peak Rock's principals have deep expertise in complex situations and cross border transactions, with the ability to provide tailored capital solutions and close transactions quickly where speed and certainty are priorities. For more information about Peak Rock Capital, please visit www.peakrockcapital.com.
Media Contact:
Daniel Yunger
Kekst and Company
(212) 521-4800
SOURCE Peak Rock Capital
Related Links
http://www.peakrockcapital.com
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