Wind Point Partners, a leading Chicago-based private equity firm, has announced recently that it has entered into definitive agreements to simultaneously acquire and merge Clock Spring Company, Inc. (“Clock Spring”) and Neptune Research, LLC (“NRI”), two leading providers of high-performance repair and rehabilitation products for global critical infrastructure. The combined business will be named ClockSpring|NRI (the “Company”).
Clock Spring and NRI, headquartered in Houston and Riviera Beach, Florida, respectively, are manufacturers of composite materials, insertion valves, and gaskets used in the transmission pipeline, refinery and petrochemical, water, utility, and civil infrastructure industries. Customers use the composite products to combat the effects of aging and corrosion, including permanently reinforcing and strengthening pipe works, extending the life of deteriorating concrete columns and civil structures, and temporarily restoring leaking lines. Public utility systems use ClockSpring|NRI’s valve technology to perform faster and less invasive water main break repairs. ClockSpring|NRI supports its products with best-in-class design, engineering, testing and training services to ensure proper installation and optimal performance.