Newport Beach-based private equity firm Windjammer Capital Investors acquired Engineered Controls International LLC in Elon, N.C., on undisclosed terms.
The purchase was from Sentinel Capital Partners, a New York City-based investment firm that acquired Engineered Controls in 2010 in a management buyout.
Engineered Controls, founded in 1908, is a manufacturer of specialty control equipment for liquefied and compressed gas. Its products include pressure regulators and control valves and are used globally in transportation and storage of liquefied petroleum gas, liquefied natural gas and industrial gases.
Windjammer’s investment is expected to help Engineered Controls expand internationally, including by acquisitions in China, according to Engineered Controls President Thom Farrell.
―Jane Yu
