Solenoid Solutions, Inc. (“SSI” or the “Company”) is a leading manufacturer and assembler of custom 2-way, 3-way, and proportional solenoid valves and manifolds for mission-critical OEM applications across the medical, foodservice, instrumentation, industrial cooling, and transportation sectors. Founded in the 1960s and headquartered in Erie, PA, the Company has built a strong reputation for its engineering capabilities, delivering highly customized solutions that meet the rigorous build-to-order specifications of its OEM customers. Longtime owner Des McDonald engaged Silvergrove as exclusive financial advisor in a process to identify the right partner for next phase of SSI’s growth. The process led to a transaction with Control Devices, a diversified manufacturer of specialty valve and flow control products and a portfolio company of HBM Holdings, a privately held global conglomerate based in St. Louis, MO. The transaction expanded Control Devices’ product range and strengthened its position in key markets, while extending the reach of Solenoid Solutions’ products through Control Devices’ established commercial organization.