Headwaters MB advised STAR EnviroTech, Inc. ("STAR"), a leading manufacturer of diagnostic smoke machines used by automotive service technicians, on its sale to CPS Products, a Harbour Group company. Terms of the transaction were not disclosed.
Based in Huntington Beach, Cal., STAR EnviroTech, Inc. ("STAR") manufactures diagnostic smoke machines used by automotive service technicians to identify a wide range of automotive system leaks. The company's products are trusted by more than 20 leading automotive OEMs, leading service tools brands and independent repair technicians.
Mr. Fox said, "CPS and STAR are a natural combination. The product suites, distribution, and sales channels are highly complementary. We look forward to utilizing the Harbour Group operational resources to continue building the company in Europe, Australia and around the world."
"This acquisition strengthens our company's position as the global leader in the professional technician tools market," Paul Baldetti, President and CEO of CPS, commented. "While CPS has a similar product under its UView brand, the acquisition of STAR solidifies our position as the global leader in automotive leak detection."
About STAR EnviroTech, Inc.
STAR EnviroTech is the inventor & developer of proprietary Diagnostic Smoke Vapor Leak Detection Technology. STAR worked in collaboration with various partners including Ford, GM and DaimlerChrysler, through their USCAR organization, in order to develop a universally-accepted vehicle fuel evaporative (EVAP) and vacuum leak detection technology, which has since become the industry standard around the world. STAR technology is recommended or required by virtually all major automakers and it can be found inside 100% of the smoke machines mandated by the automakers for their authorized dealers, worldwide. For more information, visit http://starenvirotech.com.
CPS Products is a business built by technicians, for technicians. We design Tools for the Professional Service Technician. With the world's most comprehensive range of Leak Detection technologies, Smart Diagnostic tools, and proven Maintenance Solutions, CPS Products has been The Workingman's Choice since 1989.
About Harbour Group
Harbour Group is a privately owned, operations focused company based in St. Louis, Mo. Harbour Group's companies are engaged in manufacturing and distribution in multiple industries, including scientific products and lab ware, thermal management solutions, flow and energy measurement, boiler systems, professional diagnostic and repair tools, niche distribution, logistics services, abrasives, diamond-cutting products and related tools, entertainment and music products, and auxiliary plastic processing equipment. Since its founding in 1976, Harbour Group has acquired 189 companies in 39 different industries.