Airtech Acquires Champion Valves
Airtech continues to scale its valve operations, adding the Champion product line and brand to its US Valve division
Wilmington, NC and Rutherford, NJ – August 1, 2019 – Today, Airtech announced the acquisition of Champion Valves Inc. and Valve & Pump Specialties, Inc. (collectively, “Champion”) from its founders, Gary and Linda Spangler.
Champion, founded in 2003 and based in Wilmington, North Carolina, is a designer, assembler and distributor of industrial check valves and butterfly valves. Its products include a wide variety of dual disk check valves, single door wafer check valves and axial flow check valves, among others, that are sold into diversified end markets such as refrigerant gases, ethanol, mining, and water. The acquisition represents an exciting complementary addition to Airtech’s existing valve portfolio within its US Valve subsidiary.
Gary Spangler, Founder and CEO of Champion, said: “Over the past 16 years, Champion has earned a reputation in the industry and among its customers for high quality valve solutions and the highest levels of service. We are thrilled to be able to expand on that reputation under Airtech.”
“Champion is a great addition to our valve portfolio. This investment is an important step in the scaling and diversification of our valve offerings to new end markets, applications and geographies,” said Mike Sutter, CEO of Airtech. “Gary and Linda have built a phenomenal business and we are excited to help expand Champion’s presence with its existing customer base and leverage the Airtech platform for continued growth.”
About Airtech Group
Airtech Group designs and manufactures highly engineered specialty industry blowers, vacuums, pumps and valves. Headquartered in Rutherford, NJ with approximately 150 employees, the company’s engineering-first culture drives customized solutions for customers in diversified end markets including alternative energy, food processing, medical, packaging and transportation. Airtech is owned by affiliates of EagleTree Capital. For more information, visit www.airtechusa.com.
About EagleTree Capital
EagleTree Capital is a leading independent private equity and investment firm, focused primarily on leveraged buyout investments and related investment activities. EagleTree manages capital on behalf of institutional and individual investors. The firm is focused on investments primarily in the media and business services, consumer products, and water and specialty industrial sectors. EagleTree is located in New York. For more information, visit www.eagletree.com.