Wasserstein & Co. Acquires High Pressure Equipment

Wasserstein & Co., on behalf of its private equity investment fund Wasserstein Partners III, has acquired High Pressure Equipment Company, a leading manufacturer of specialty valves for high pressure applications. Wasserstein & Co., together with High Pressure's management team, acquired a majority interest in the Erie, PA Company from long-standing shareholders, the James family, who will retain an ongoing ownership interest.

Larry Loper, High Pressure's President, said, "The collaboration with Wasserstein & Co. will bring significant strategic and financial resources to High Pressure Equipment Company as we work together to expand our capabilities both here in Erie and globally to continue to serve our customers."

“We are excited to be investing alongside the James family and the management team at High Pressure,” said Robert Fogelson, Managing Director of Wasserstein & Co. "The Company has a long-standing leadership position in a fast-growing industry which will provide a solid foundation for future growth."