Calvert Street Capital Partners Announces Second Thermal Processing Acquisition
January 2, 2018 – Thermal Process Holdings, a portfolio company of Calvert Street Capital Partners (“Calvert Street”), is pleased to announce its acquisition of Certified Heat Treating (“Certified”) based in Springfield, Ohio. Certified represents the second investment in our strategy to build a leading independent thermal processing company focused on value-added services. Central to this strategy is identifying and bringing together businesses that share a focus on safety, quality, service, and advanced technology.
John Hubbard, Chairman of Thermal Process Holdings, commented, “We are excited to announce the second acquisition in our strategy to build a superior company that offers a range of advanced services. The Biehn family wanted to ensure the continued success of the business and to provide opportunities for their people. We are intent on carrying out those objectives.”
Don Longenette, who will initially serve as General Manager for Certified, remarked: “The operating history of Certified dates to 1959, and the company has a solid reputation in the broad spectrum of industries it serves. We look forward to building on that reputation and growing the business. I’m excited to work with Joe Biehn, who will immediately focus his full attention on driving additional sales. Our goal with Certified is to use their high-quality equipment and employee expertise to take advantage of the open capacity of the furnaces.”
As announced previously, Calvert Street has partnered with industry executives to build a leading independent thermal processing business. The team, which includes Mike Sobieski and Lewis Lance in addition to John Hubbard and Don Longenette, consists of highly experienced individuals who have spent their careers in thermal processing. This team has complementary skill sets and will be responsible for the day-to-day activities of Thermal Process Holdings.
Calvert Street is a Baltimore, Maryland-based private equity firm with a focus on investing in industrial service businesses in the lower middle-market. Since its inception in 1995, Calvert Street’s objective has been to partner with skilled management teams of privately held businesses to drive profitable growth and organizational transformation. Thermal Process Holdings builds upon Calvert Street’s experience in other high-value add industrial sectors, including testing and inspection and precision machining.
For more information, please go to www.cscp.com.