Gilmore Joins Control Devices
Posted: January 29, 2024
To accelerate Gilmore’s growth plans, investment in our employees’ and push into new markets.
Pictured from left to right: Jim Norris-President & CEO of Control Devices, Justin Lamert, CFO of Control Devices, Amy G. Fields, SVP Administration & Chief People Officer of HBM Holdings, Keathya Hill, Financial Controller of Gilmore, David Nemetz, CEO of Gilmore
Control Devices, LLC, a portfolio company of HBM Holdings, has acquired Gilmore. The acquisition expands Control Devices’ flow control solutions portfolio while widening its reach in the oil and gas market. The acquisition also broadens HBM Holdings’ expertise in the flow control sector.
“Gilmore has a history of excellence in the development of severe service flow control solutions and is known for quality and operational excellence, all supported by the talented Gilmore team,” said Jim Norris, President & CEO of Control Devices. “With this acquisition, we are enthusiastic about expanding our products, technology and capabilities.”
Control Devices, headquartered in Fenton, Missouri, is a leading designer and manufacturer of highly engineered flow control solutions in the gas, air, and liquid markets.
HBM Holdings is a privately held global conglomerate focused on strategically acquiring and partnering with middle-market industrial companies. HBM invests in and builds high-performing companies within mission-critical industries, including Aerospace & Defense, Environmental, Medical Devices & Instruments, and Packaging.
“We are excited to be joining the Control Devices and HBM family of companies,” said David Nemetz, CEO of Gilmore. “Being part of this portfolio will accelerate Gilmore’s growth plans, continue the investment in our employees’ and further our commitment to developing technologies that deliver reliable severe service flow control solutions across the energy market.”
Gilmore will retain its brand as a Control Devices company with the Leadership Team continuing to run the business. It will partner with Control Devices Executive Team to refine Gilmore’s strategy, invest in product development and talent to grow Gilmore. As part of the acquisition, Gilmore’s team of around 100 employees will be moving across to Control Devices.