Daily News: February 18, 2014

High Road Portfolio Co. Completes Acquisition

High Road Capital Partners announced that its portfolio company Celco Controls completed the acquisition of Canadian Process & Control.

Celco Controls’ acquisition of Canadian Process & Control closed on January 29, 2014. Transaction consideration was not disclosed. Jeff Goodrich, Partner, led the transaction for High Road. Also working on the transaction from High Road were Jerry Anderson, partner; and Paul Langley, senior associate.

“Canadian Process & Control is a market-leading provider of automation solutions to process-based industries,” said 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 organizations will provide customers in the British Columbia region and beyond with greater access to high-quality integrated process control design, instrumentation and calibration services,” said Clay Derrett, CEO of Celco Controls. “The combined company will be able to better serve customers and execute larger, more complicated projects across Western Canada,” he added.

“We at Canadian Process & Control are excited to join Celco Controls,” said Michael Hinman, president of Canadian Process & Control. “As part of the Celco team, we’ll have even more resources and better tools to continue to provide outstanding service to our customers and further grow the business.”

Port Coquitlam, BC-based Canadian Process & Control designs, manufactures and installs customized process control systems for the resource, refining, chemical, wastewater treatment and manufacturing industries.