Written on: January 30, 2024
Expansion Improves Portfolio, Product Offerings in the Energy Market
ST. LOUIS, MO – January 29, 2024 – Control Devices, LLC, a portfolio company of HBM Holdings, announced today that it has acquired Gilmore. 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,” said Jim Norris, President & CEO of Control Devices. “With this acquisition, we are enthusiastic about expanding our products, technology and capabilities.”
Gilmore, headquartered in Houston, TX, designs and manufactures high-performance severe service valves (check, relief, regulator, shuttle, control, etc.) 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.
Control Devices is a leading designer and manufacturer of highly engineered flow control products utilized in niche applications across various end markets.
“We are excited to be joining the Control Devices and HBM family of companies,” said 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.”
HBM and Control Devices will acquire approximately100 new employees as part of the Gilmore acquisition. Terms of the transaction were not disclosed.
For more information on Control Devices or HBM Holdings, please visit cdivalve.com or hbmholdings.com.
ABOUT CONTROL DEVICES
Control Devices, founded in 1963 and headquartered in Fenton, MO, is a leading 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 critical components in end-product applications, including medical systems, air compressors, fire suppression systems, and specialty gas HVACR, and heavy truck braking systems.
ABOUT HBM HOLDINGS
HBM Holdings is a privately held global conglomerate focused on strategically acquiring and partnering with middle-market industrial companies. HBM invests in and builds high-performing companies within mission-critical industries, including Aerospace & Defense, Environmental, Medical Devices & Instruments, and Packaging. HBM’S portfolio of companies includes Mississippi Lime Company, HarperLove, Control Devices, and Schafer Industries.