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The Stephens Group acquired Quality Valve, an OEM replacement parts provider, from seller Pfingsten. The article gives no deal value.
Quality Valve is relocating its corporate headquarters and distribution warehouse to a new Mobile site at 1541 East I-65 Service Road South, a million-dollar investment giving 70 percent more space.
Quality Valve, a Mobile, Alabama valve and parts distributor, acquired Griffco Valve of Amherst, New York as of November 15, 2021. Griffco will keep its headquarters in Amherst and plans further investment in inventory and capacity.
Pfingsten Partners acquired Quality Valve, Inc., a Mobile, Alabama distributor of OEM replacement parts for safety and relief valves, alongside founder Raymond McCaffrey III, who retained equity. The deal closed on July 27, 2018; no value was disclosed.
