December 11, 2020 By Waterways Journal
Private equity firm CapitalWorks of Cleveland, Ohio, announced November 25 it has completed a majority investment in Electromechanical Research Laboratories Inc. (ERL) of New Albany, Ind., and subsidiary Law Valve of Texas, in partnership with ERL President and CEO Stephen Wilkins and the ERL management team.
Founded in 1970, ERL Commercial Marine is the leading provider of pumping, gauging, venting, environmental and related solutions for tank barges. Its strong commitment to engineering and research and development has led to more than 30 patents, while its dedication to customer service and support has earned a strong brand reputation and loyal customers.