Headwaters advised Admiral Valve, LLC, a leader in designing and manufacturing high-performance filtration systems for marine and aerospace use, on its acquisition of the assets of CPV Manufacturing, a leading global manufacturer of specialized military and industrial high pressure valves and fittings, and their sister company, Moldcraft Co. Terms of the acquisition were not disclosed.
Admiral Valve, LLC will operate in a newly renovated 30,000 square foot facility in the suburban Philadelphia community of Kennett Square, PA. As part of the transaction, telephone, fax, website and email contact information of both CPV Manufacturing, Inc. and Moldcraft, Co., were also acquired.
Concurrent with the acquisition, the Board of Directors of Admiral Valve, LLC, has appointed Mr. Brian Hoffmann as President and CEO and Ms. Kelly Tomlin as CFO. Through the acquisition of the assets of CPV Manufacturing, Admiral Valve, LLC is carrying on the impressive 98 year tradition of excellence that has been the hallmark of CPV Manufacturing, Inc.
“Our customers are committed to executing very complex, critical projects; they need to be completed on-time and for a fixed cost. Admiral Valve, LLC and the CPV® product have always and will continue to allow our customers to meet those commitments,” said Mr. Hoffmann. CPV Manufacturing has been at the forefront of engineering innovation in valves and fittings for more than 90 years and will continue to manufacture reliable and innovative products, such as O-Seal System shut-off, needle, air-operated, check and relief valves, as a key part of Admiral Valve, LLC.
“Together, Admiral Valve LLC, and CPV Manufacturing will offer a level of ingenuity and operational strength to support the consolidating filtration and valves industry,” said Mr. Len LaPorta, Managing Director in the Manufacturing & Industrial Investment Banking Practice at Headwaters MB.
About Admiral Valve, LLC
Admiral Valve, LLC is the exclusive manufacture of CPV® valves and fittings for high pressure liquid and gas applications. In addition, the company provides products and services in chemical, food processing, manufacturing, and the petroleum industries. Admiral Valve is certified in accordance with both the American Society of Mechanical Engineers (A.S.M.E.) and the National Board of Boiler and Pressure Vessel Inspectors (NBIC) code standards. Since 1915, CPV® has been synonymous with innovative designs and first time quality. The company is a trusted partner to the US Navy and leading global companies for Shipbuilding, Oil & Gas and Gas Bottling applications.
About CPV Manufacturing
CPV Manufacturing manufactures valves and fittings that deliver years of reliable, leakproof service from vacuum to 6000 psi in demanding liquid and gas flow control applications. CPV valves & fittings are at work worldwide in Oil & Gas, Chemical, Pulp & Paper, Food & Pharmaceuticals, Manufacturing Plants and aboard the US Navy's ships at sea. CPV For additional information, visit www.cpvmfg.com.