High Street Capital is pleased to announce Koontz-Wagner’s sale of the assets of its subsidiary, South Bend Controls (www.sbcontrols.com ), to Curtiss-Wright Corporation (NYSE: CW). South Bend Controls is a leading designer and manufacturer of highly engineered, solenoid-based components used in critical applications serving the aerospace and defense, industrial and medical markets. The business will operate within Curtiss-Wright’s Motion Control segment.
Koontz-Wagner Holdings (www.koontz-wagner.com ), acquired by High Street Capital in 2008, provides electrical control systems for power generation, infrastructure and oil/gas distribution, maintains and services electric motors, offers full-service electrical contracting and manufactures components for aerospace, medical and defense customers. Koontz-Wagner was advised by Colonnade Securities LLC in connection with this transaction.