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updated: 6/12/2014 10:39 AM

Investment firm buys stake in Addison's DuAll Precision

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Michigan-based investment firm O2 Investment Partners has partnered with DuAll Precision founders Michael Butler and Stanley Boksa to acquire a majority interest in the Addison-based manufacturer of components for hydraulic cartridge valves.

Terms of the transaction were not announced.

O2 Investment Partners acquired DuAll Precision through O2 Specialty Mfg Holdings, which also owns its existing valve manufacturing business, Mercury Manufacturing Company, located in Wyandotte, Mich. The two businesses will continue to operate out of their existing facilities and will be led by Kent Niederhofer, CEO of O2 Specialty Mfg Holdings.

DuAll Precision provides check valves, solenoid valves, sequence valves, directional valves, counter balance valves and pressure control valves for hydraulic systems in the transportation, agriculture and heavy equipment markets.

"Our partnership with O2 -- an organization which shares our values and strategic vision -- provides access to the resources necessary for DuAll to continue its growth trajectory with existing core products and customers while allowing for expansion into additional targeted niche markets, products and technologies, including opportunities with our new sister company, Mercury Manufacturing," said DuAll Presidednt Michael Butler.

Niederhofer added DuAll brings "significant expertise in high precision machining and hydraulic valve components to Mercury's expertise in automated and semi-automated valve assembly and test capabilities.

"The design, engineering and manufacturing capabilities of both DuAll and Mercury are very complementary and we believe that each will strengthen the other and present significant mutual growth opportunities," he added.

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