Platte River Equity has acquired The WellMark Company, LLC, an Oklahoma City-based manufacturer of liquid and pneumatic flow controls and valves serving the oil and gas and petrochemical industries.
Madison Capital Funding LLC provided senior debt financing for the transaction, whose amount was not disclosed.
The additional capital will allow the company to remain focused on building quality products and maintaining a high level of service for customers.
Founded in 1981 by Dick Pfieffer, WellMark produces a full line of liquid and pneumatic flow controls and valves to the oil and gas and petrochemical industries. Under the WellMark, Cemco and Major brands, the company offers a broad line of diaphragm operated valves, pneumatic and electrical level controls, safety relief valves, chemical pumps, liquid level indicators, switches, point level electronic controls, and various accessory products.
FinSMEs
27/11/2012