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Southeast HVAC News
CPS Products, Inc.
Acquired by Harbour Group.
CPS Products, Inc. has been acquired
by Harbour Group, Ed Jeffers, CPS's chief executive officer,
announced today. Terms of the transaction were not disclosed.
CPS is a manufacturer of tools, equipment, and instruments used
around the world by professional technicians who service commercial
HVAC/R and automotive AC systems. The company's products, sold under
the CPS and Pro-Set brands, are recognized globally as technology
and performance leaders. CPS was founded by Mr. Jeffers in 1989 and
is based in Hialeah, Fla.
Mr. Jeffers said, "This is a very exciting development for our
employees, customers, and vendors. The operational and financial
resources of Harbour Group will help create an even more compelling
offering for our customers and more opportunities for our
employees."
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"With its
outstanding technology and rock-solid reputation, we are
thrilled to welcome CPS into the Harbour Group family," said
Jeff Fox, Harbour Group's chairman and chief executive officer.
"Ed built a great business, and we look forward to partnering
with his team to further develop the company's strengths in
new-product development and customer service. We also believe
there are excellent opportunities to acquire other companies
with strong technology in the HVAC/R industry to build an even
stronger industry leader."
Harbour Group is a privately owned operating company based in
St. Louis, Mo. Harbour Group and its companies are engaged in
manufacturing, distribution, and specialty services in multiple
industries, including specialty LED systems, niche distribution,
logistics services, decorative kitchen and bath hardware,
automotive enthusiast products, abrasives, diamond-cutting
products and related tools, entertainment and music products,
and auxiliary plastic processing equipment. Since its founding
in 1976, Harbour Group has acquired 170 companies in 35
different industries.
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