PKF Investment Banking Closes Sale of EWC Controls Inc.

The transaction underscores PKF Investment Banking’s ability to deliver superior results to privately-owned companies

PKF Investment Banking, the investment banking affiliate and subsidiary of PKF O’Connor Davies Advisory LLC, announced today that it represented EWC Controls Inc. (“EWC”) in the sale of its business to Research Products Corporation (“RPC”).

“We are proud to have acted as exclusive advisors to EWC on this strategic transaction,” said Robert Murphy, Senior Managing Director at PKF Investment Banking. “It was a pleasure to serve EWC’s ownership and achieve all their transactional goals, including partnering with an acquirer who is an excellent fit for both EWC’s customers and employees.”

Headquartered in Englishtown, New Jersey, and founded in 1961, EWC is a family-owned business and a leader in HVAC zone control design and solutions for the residential market. EWC has manufactured heating, ventilation and air conditioning products, including zone systems, dampers, control panels, thermostats, sensors and other components since 1988. With deep expertise in zoning technology, EWC has set the bar for the industry by winning awards for innovation and earning a strong reputation for product quality and customer service.

Headquartered in Madison, Wisconsin, and founded in 1938, RPC is an established industry leader in residential and commercial indoor air quality. RPC is the parent company of AprilAire. The acquisition of EWC is complementary to AprilAire and places RPC in a leading position in zoning solutions.”

The PKF Investment Banking team provided thoughtful, expert advice throughout the entire transaction process and delivered value well above their fees,” said Mike Reilly, President of EWC. “PKF Investment Banking’s deep understanding of EWC, its end markets and strategic goals led to a very favorable outcome for all parties. We look forward to building a bright future together with RPC’s talented team.”