High Road Capital Partners’ portfolio company competes add-on acquisition
High Road Capital Partners’ portfolio company Celco Controls has completed the add-on acquisition of Canadian Process & Control.
Based in British Columbia, Canadian Process & Control designs, manufactures, and installs customised process control systems for the resource, refining, chemical, wastewater treatment, and manufacturing industries.
“Canadian Process & Control is a market-leading provider of automation solutions to process-based industries,” says Jeff Goodrich, High Road partner. “This acquisition solidifies Celco Controls’ position as a leader in the automation marketplace in Western Canada by increasing its service offering and expanding its geographical reach.”
“Combining the organisations will provide customers in the British Columbia region and beyond with greater access to high-quality integrated process control design, instrumentation, and calibration services,” says Clay Derrett, chief executive officer of Celco Controls. “The combined company will be able to better serve customers and execute larger, more complicated projects across Western Canada.”
Celco Controls’ acquisition of Canadian Process & Control closed on 29 January. Transaction consideration was not disclosed.
High Road has completed 30 transactions, comprising 28 acquisitions – 12 platform investments, 16 add-on acquisitions – and two exits since its founding in 2007. High Road acquired Celco Controls in March 2010.
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