# CapitalWorks acquires ERL Commercial Marine in majority recapitalization

Cleveland-based private equity firm CapitalWorks acquired ERL Commercial Marine and its subsidiary Law Valve of Texas in a majority recapitalization. Baird Business Owner Solutions advised ERL on the deal.

- Type: Acquisition
- Announced: 2020-12-09
- Where: New Albany, Indiana, United States
- Status: completed
- Products: pumps, valves, overfill protection, cargo gauging equipment
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [CapitalWorks](https://endata.com/companies/7317.md) (acquirer)
- [ERL Commercial Marine](https://endata.com/companies/7343.md) (target)
- [Baird](https://endata.com/companies/7344.md) (partner)

## Sources

- [rwbaird.com](https://www.rwbaird.com/newsroom/news/2020/12/baird-bos-serves-as-financial-advisor-to-erl-in-sale-to-capitalworks/), 2020-12-09: "CapitalWorks is the ideal partner for our next chapter of growth."

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