Erie, PA – High Pressure Equipment Company (HiP), one of the world’s leading manufacturers of specialty valves for high pressure applications, has acquired Staffordshire Hydraulic Services Ltd. (SHS), one of the United Kingdom’s leading distributors and designers of high pressure equipment. SHS has been a key distribution partner for HiP for more than 40 years. Additionally, SHS markets its own line of standard and customized high pressure equipment with application in the oil and gas, power generation and other industrial markets.
Larry Loper, president of High Pressure Equipment commented, “SHS is a leader in the high pressure market with whom we have collaborated productively for many years. Together with our investment partners at Wasserstein & Co., we believe the talented management team and excellent product offering of SHS will enable us to better serve our customers in the North Sea market and throughout the United Kingdom.”
High Pressure was founded in 1954 in Erie, Pennsylvania, where it remains today. In 2012, Wasserstein Partners III, a private equity fund managed by Wasserstein & Co. acquired a majority equity interest in High Pressure.
For more information, please visit www.highpressure.com.