Hunter Wise Financial Group, LLC, Houston, Texas, Advises in Acquisition of EIM Controls, Inc.
Posted on: Thursday, 5 November 2009, 04:00 CST
IRVINE, Calif. and HOUSTON, Nov. 5 /PRNewswire/ -- Hunter Wise Financial Group, LLC and Sid M. Shaver, Managing Director, are pleased to announce that Emerson Process Management, an Emerson business (NYSE: EMR) St. Louis, Missouri, has acquired EIM Controls, Inc., Missouri City, Texas, (www.eim-co.com) a manufacturer of high quality valve actuators since 1949.
Mr. Shaver, CPA, CM&AA, who is Hunter Wise Financial Group's Managing Director in its Houston, Texas, office represented EIM Controls in the transaction. EIM Controls generated sales of approximately $43.3 million in its last fiscal year and has 168 employees in the U.S., Europe and Asia. "EIM Controls, a third generation business, has an excellent reputation for long-term reliability, high quality construction and an extensive product line in the valve control industry," Mr. Shaver said. Emerson , with sales of $24.8 billion in fiscal 2008, is 94th on the Fortune 500 list of America's largest companies.
"We thoroughly enjoyed working alongside these two great companies in accomplishing this transaction in the current challenging business environment," Mr. Shaver said. Hunter Wise, headquartered in Irvine, Calif., provides mid-market investment banking services from 12 offices in the U.S., and offices in Beijing, London, and Vancouver, Canada, and continues to grow and expand corporate services. Also under the Hunter Wise umbrella are Hunter Wise Commodities and Hunter Wise Capital Group.
Contact: Sid M. Shaver Managing Director Hunter Wise Financial Group 3 Greenway Plaza, Suite 1750 Houston, Texas 77046 713/843-4996 sshaver@hunterwise.comSOURCE Hunter Wise Financial Group, LLC
Source: PR Newswire
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