AMETEK purchases Controls Southeast Inc.
AMETEK, Inc. has acquired Controls Southeast, Inc., from Industrial Growth Partners for approximately $160 million. Controls Southeast Inc. is a manufacturer of custom-engineered thermal solutions and is based near Charlotte, NC.
CSI provides proprietary heating systems for industrial piping, valves, and instruments as well as jacketed piping and specialty fabrication products. Its products and thermal solutions are used to heat liquids and gases in a broad range of critical processes for such industries as oil and gas, chemical, petrochemical, plastics, and pharmaceuticals.
“CSI is a great addition to AMETEK. Its products are highly differentiated and complementary to our Process & Analytical Instruments Division. CSI is an excellent fit with our Process Instruments and O’Brien businesses,” said Frank S. Hermance, AMETEK chairman and CEO.