FAS Controls, Inc.
IOP Fund I
| Acquisition Date: | February 2007 |
| Status: | Exited |
| Headquarters: | Shelby, NC |
| Exit Date: | December 2011 |
| Acquirer: | Kendrion NV |
| Add-on Acquisitions: | Executed add-on acquisitions during IOP ownership |
Description
Manufacturer of pressure switches, valves, circuit breakers, mechanical switches, coils and solenoids. These custom-designed and application specific products are primarily sold to original equipment manufacturers of heavy trucks, automobiles and commercial equipment.
Operating Thesis
Supplemented and provided leadership to existing management team.
Created fundamental improvement in performance:
- Identified and executed on operations/cost-structure improvement opportunities
- Invested in engineering, R&D and product development resources
- Identified and executed on growth opportunities in existing and new markets
