# CapitalWorks takes majority stake in Electromechanical Research Laboratories

Cleveland private equity firm CapitalWorks completed a majority investment in Electromechanical Research Laboratories (ERL) of New Albany, Indiana, and its subsidiary Law Valve of Texas. ERL makes pumping, gauging and venting equipment for tank barges.

- Type: Acquisition
- Announced: 2020-12-03
- Where: New Albany, Indiana, United States
- Status: completed
- Products: barge pumps, gauging equipment, venting systems, industrial components for tank barges
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [CapitalWorks](https://endata.com/companies/7317.md) (investor)
- [Electromechanical Research Laboratories](https://endata.com/companies/7318.md) (target)

## Sources

- [cwindustrials.com](https://cwindustrials.com/news_and_insights/capitalworks-invests-in-electromechanical-research-laboratories-inc/), 2020-12-03: "Cleveland private equity firm CapitalWorks has completed a majority investment in Electromechanical Research Laboratories, Inc., of New Albany, Indiana, (ERL) and subsidiary Law Valve of Texas."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.