|By Marketwired .||
|June 11, 2014 10:30 AM EDT||
ADDISON, IL -- (Marketwired) -- 06/11/14 -- DuAll Precision, Inc., a niche manufacturer of hydraulic cartridge valve components based in Addison, Illinois, announced today that O2 Investment Partners, LLC based in Bloomfield Hills, Michigan, has partnered with founders Michael Butler and Stanley Boksa to acquire a majority interest in DuAll Precision. DuAll is a leading manufacturer of components for hydraulic cartridge valves, including check valves, solenoid valves, sequence valves, directional valves, counter balance valves and pressure control valves. The Company primarily provides components for hydraulic systems in the transportation, agriculture and heavy equipment markets.
As part of its custom engineered valve and flow control strategy, O2 Investment Partners acquired DuAll Precision through O2 Specialty Mfg Holdings, which also owns its existing valve manufacturing business, Mercury Manufacturing Company, located in Wyandotte, MI. The two businesses will continue to operate out of their existing facilities and will be led by Kent Niederhofer, CEO of O2 Specialty Mfg Holdings.
Michael Butler, President of DuAll Precision, commented, "Our partnership with O2 -- an organization which shares our values and strategic vision -- provides access to the resources necessary for DuAll to continue its growth trajectory with existing core products and customers while allowing for expansion into additional targeted niche markets, products and technologies, including opportunities with our new sister company, Mercury Manufacturing." Niederhofer added, "We are very excited about bringing DuAll into our family of custom engineered valve and flow control products. DuAll brings significant expertise in high precision machining and hydraulic valve components to Mercury's expertise in automated and semi-automated valve assembly and test capabilities. The design, engineering and manufacturing capabilities of both DuAll and Mercury are very complementary and we believe that each will strengthen the other and present significant mutual growth opportunities."
Jay Hansen, Managing Partner of O2 Investment Partners, added, "We are very pleased to be partnering with Michael Butler and Stanley Boksa to invest in DuAll and its employees. We share a common vision for this business that is very complementary with Mercury Manufacturing. We look forward to supporting Michael, Stanley, Kent and the DuAll team in achieving their plan. DuAll has the right combination of a talented and experienced workforce, strong engineering and efficient manufacturing processes to grow within its existing markets. In addition, with the new relationship with Mercury, the additional growth opportunities for both businesses are truly exciting."
About O2 Investment Partners:
O2 Investment Partners is a Midwestern based private equity firm that seeks to acquire a majority interest in small and middle market manufacturing, niche distribution, and select service and technology businesses. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value.
O2 invests equity on behalf of its principals as well as a core network of other limited partners and strategic investors. The firm invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management.
About DuAll Precision, Inc:
DuAll Precision, Inc. is a niche manufacturer of high precision valve components for the hydraulics industry. Products include check valves, solenoid valves, sequence valves, directional valves, counter balance valves and pressure control valves, primarily used in hydraulic systems for the transportation, agriculture, and heavy equipment markets. The company was founded in 1990 and is based in Addison, Illinois.
About Mercury Manufacturing Company:
Mercury Manufacturing Company designs, develops and manufactures custom precision valves and mechanical assemblies for the AC/Refrigeration, Automotive and Heavy Truck industries. Mercury engineers and manufactures a variety of check valves, pressure relief valves, solenoid valves, quick adjust mechanisms for manual clutches, hydraulic shaft assemblies and a variety of other specialty valves, machined components and mechanical assemblies for a worldwide customer base. The company was founded in 1964 and is based in Wyandotte, Michigan.
PR Services, Inc.
O2 Investment Partners
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