in a large number of transactions
across a wide spectrum of industries
FORT LAUDERDALE, Fla. (November 19, 2012) – Fort Lauderdale-based investment banking firm Farlie, Turner & Co. announced today that it served as exclusive financial advisor to CPS Products, Inc., its subsidiaries and affiliates (collectively “CPS”) in its recent sale to Harbour Group, a St. Louis-based private equity group.
Based in Hialeah, Florida, CPS is a global leader in manufacturing high-end, innovative tools and testing equipment for the commercial heating, ventilation, air conditioning and refrigeration “HVAC/R” and automotive air conditioning markets. Products include refrigerant recovery equipment, manifolds, vacuum pumps, leak detectors, charging scales and specialty equipment. Since founding CPS in 1989, Ed Jeffers has built an extraordinary company, including an impressive international sales and distribution network in Australia, Europe and Canada.
"I retained Farlie Turner after receiving an unsolicited offer to buy my company. Farlie Turner worked tirelessly to help overcome several challenges and maximize the value of my business. The ultimate transaction was at a much higher price and on significantly better terms than the original unsolicited offer,” stated Ed Jeffers, CEO of CPS.
“The success of the sale process was due to an extraordinary team effort among Berger Singerman, Farlie Turner and the CPS management team,” said Craig Farlie, Managing Director.
Terms of the transaction were not disclosed. Please contact Craig Farlie at 954-358-3800 regarding questions on the CPS transaction.
About Farlie Turner & Co., LLC
Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with FINRA, provide merger and acquisition, private placement and financial advisory services to middle market companies. Please visit www.farlieturner.com for more information.