Koontz-Wagner sold its subsidiary, South Bend Controls, to Curtiss-Wright Corporation (NYSE:CW). South Bend Controls is a leading designer and manufacturer of highly engineered flow control components for mission-critical applications in the aerospace, space, medical and industrial markets. Koontz-Wagner is a portfolio company of High Street Capital and Aldine Capital Partners. Curtiss-Wright is a diversified global provider of highly engineered products and services in the areas of motion control, flow control, and metal treatment. Terms of the transaction were not disclosed.
Colonnade Securities LLC advised High Street Capital, Koontz-Wagner, and South Bend Controls on the transaction.