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News Release
12.07.2020

CLEVELAND, OHIO, December 7, 2020Calfee, Halter & Griswold client, Cleveland-based private equity firm CapitalWorks, has completed a majority investment in Electromechanical Research Laboratories, Inc. (ERL) of New Albany, Indiana, and subsidiary Law Valve of Texas, in partnership with ERL President and Chief Executive Officer, Stephen Wilkins and the ERL management team. Calfee Partner, Brent M. Pietrafese, and Associates, Salvatore J. (Sam) Totino and Lydia E. Warkentin, represented CapitalWorks in all legal aspects of this transaction.

CapitalWorks, LLC is an industrial-focused private equity firm founded in 1999 and backed by knowledgeable investors who partner with the firm in finding, vetting and owning companies. CapitalWorks acquires lower middle-market companies in manufacturing and industrial services industries and gives them the capital, support and freedom to grow. CapitalWorks is led by Managing Partner and CEO, Richard R. (Dick) Hollington III, Managing Director, Todd Martin, and Principal, John P. Corrigan III.

Founded in 1970, by Dr. Larry Wilkins and now led by his son, Stephen Wilkins, ERL Commercial Marine is a diversified manufacturer and repair service provider, producing equipment for inland and blue water barges as well as railroad cars. Its broad product line includes pumps, valves, overfill protection, cargo gauging and other marine products.

Law Valve of Texas provides in-shop and on-barge repair for tank barge equipment in Houston and the surrounding areas. Law Valve repairs all types of barge equipment such as pumps, valves, sight glass, mechanical seals and actuators. The company is known for industry leading support and service in the tank barge industry.

ABOUT CALFEE, HALTER & GRISWOLD LLP

Calfee, Halter & Griswold LLP is a full-service corporate law firm with 160 attorneys and six offices in Cleveland, Columbus, Cincinnati, Indianapolis, New York and Washington, D.C. Calfee has been recognized as a leading law firm by Chambers USA in Banking and Finance, Corporate/M&A, Employee Benefits and Executive Compensation, General Commercial Litigation, Intellectual Property, Labor and Employment, and Real Estate and by Chambers HNW in Private Wealth Law. The firm serves clients in the Midwest, nationally and globally in the areas of Business Restructuring and Insolvency, Commercial and Public Finance, Corporate and Capital Markets, Employee Benefits and Executive Compensation, Estate and Succession Planning and Administration, Government Relations and Legislation, Intellectual Property, Labor and Employment, Litigation, Public Utility Regulatory, and Real Estate as well as through its consultancy, Calfee Strategic Solutions. A founding member of Lex Mundi, Calfee offers international representation through a network of independent law firms with access to 22,000 attorneys located in more than 125 countries. Additional information is available at Calfee.com.

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Media Contact

Susan M. Kurz
Chief Marketing & Client Development Officer
skurz@calfee.com
216.622.8346 (office)
513.502.8950 (mobile)

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