Calvert Street Capital Partners

A Dozen Quick Heat Treat News Items to Keep You Current

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A Dozen Quick Heat Treat News Items to Keep You Current

Heat Treat Today offers News Chatter, a feature highlighting representative moves, transactions, and kudos from around the industry.

Personnel and Company Chatter

  • Todd McDonald was recently hired as president and chief executive officer of Thermal Process Holdings, Inc., which was formed by Calvert Street Capital Partners and John Hubbard, former CEO of Bodycote, PLC, to pursue a buy-and-build strategy in the thermal processing industry.
  • Gasbarre Products, Inc. launched its new website, www.gasbarre.com. As part of the rebranding initiative, Gasbarre has categorized its diverse product offering into three business units: Powder Compaction Solutions, Thermal Processing Systems, and Manufacturing Technologies.
  • Bentraum D. Huffman has been named president and chief executive officer of the Ellwood Group, Inc. Huffman previously had served as chief operating officer since 2015.
  • Chemcoaters, a coil coater and manufacturer of proprietary coating chemistries, has acquired Eco Green Coatings, making it a wholly owned subsidiary. Both companies are located in Gary, Indiana.
  • Connie Mackey, Advanced Heat Treat Corp. (AHT) Corporate Quality Systems Manager, was recently selected to be a voting member of the Nadcap Heat Treating Task Group. Nadcap is a global accreditation program designed to ensure standardized and cost-effective approaches and to provide continual improvement among the aerospace and defense industry.
  • A large retort box furnace used for de-bindering ceramic composite pre-peg materials along with powder metals processing and hot isostatic processing was recently purchased from L&L Special Furnace Co., Inc.
  • A cabinet oven from Grieve, No. 934, is currently being used by the customer for heat treating. Workspace dimensions of this 850°F oven measure 38” W x 20” D x 26” H.
  • A LP gas-fired heavy duty car bottom oven with fume incinerator was recently delivered to a leader in the oil and gas industry by Wisconsin Oven Corporation. This car bottom oven will be used for prebaking drill pipe joints. The thermal clean oven has a maximum operating temperature of 800° F and work chamber dimensions of 8’6″ wide x 50’0″ long x 8’6″ high.

Kudos Chatter

  • Solar Atmospheres, Inc. has filed a Patent Application with the US Patent Office, application number 15/999,873 for a high-pressure, rapid gas quenching vacuum furnace utilizing an isolation transformer in the blower motor power system. The gas quench with a 600 HP motor operates at 460 volts in Argon gas, utilizing a double wound, Magnetic Specialties, Inc. electrical isolation transformer, primary winding 1:1 to the secondary winding, with a Variable Speed Drive and solid state electrical spike protection for motor arc suppression.
  • Thermal-Vac Technology, Inc., located in Orange, CA has received merit status for NADCAP AC7102 Heat Treating accreditation. Thermal-Vac Technology Inc. City Steel Heat Treating, located in Santa Fe Springs, CA has been awarded NADCAP accreditation in AC7102 Heat Treating. This is the initial accreditation award after our 2016 acquisition of this location.
  • Cornwell Quality Tools, which produces fine quality tools with high-grade alloy steel, combined with modern heat-treating methods, celebrates 100 years in business this year.
  • Tekscan’s Gait Analysis System Wins R&D 100 Award. Tekscan is thrilled to announce that StridewayTM has won an R&D 100 Award. The R&D 100 Awards honor the latest and best innovations, identifying the top technology products of the past year. Since 1963, the R&D 100 Awards have identified revolutionary technologies introduced to the market.

Heat Treat Today is pleased to join in the announcements of growth and achievement throughout the industry by highlighting them here on our News Chatter page. Please send any information you feel may be of interest to manufacturers with in-house heat treat departments especially in the aerospace, automotive, medical, and energy sectors to the editor at editor@heattreattoday.com.

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Certified Heat Treating Acquired by Baltimore Investment Group

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John Hubbard, chairman of Thermal Process Holdings

An Ohio-based company providing heat treatment for the general manufacturing market, Certified Heat Treating, has been acquired by Thermal Process Holdings, an investment vehicle formed by Calvert Street Capital Partners (CSCP).

“We are excited to announce the second acquisition in our strategy to build a best-in-class company that offers a range of advanced services. The Biehn family wanted to ensure the continued success of the business and to provide opportunities for their people. We are intent on carrying out those objectives,” said John Hubbard, chairman of Thermal Process Holdings.

Don Longenetter, General Manager of Certified Heat Treating

Don Longenette, who has been director of facilities and maintenance with Diamond Heat Treat, another recent acquisition of CSCP, will serve as general manager of Certified during the transition, which will include overseeing vacuum heat treating, atmosphere heat treating, induction heat treating, carburizing, oil and neutral hardening, among other treatments, at the company’s Springfield, Ohio, facility.

“The operating history of Certified dates to 1959, and the company has a solid reputation in the broad spectrum of industries it serves. We look forward to building on that reputation and growing the business. I’m excited to work with Joe Biehn [president of Certified Heat Treating], who will immediately focus his full attention on driving additional sales. Our goal with Certified is to utilize the exceptional quality of the equipment, the expertise and experience of the employees, and to take advantage of the open capacity of the furnaces,” said Longenette.

Calvert Street is a Baltimore, Maryland-based private equity firm focused on investing in industrial service businesses in the lower middle-market. Thermal Process Holdings builds upon Calvert Street’s experience in other high-value add industrial sectors, including testing and inspection and precision machining.

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First Acquisition Made in Plan to Develop a Leading Thermal Processing Company

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Diamond Heat Treat has agreed to be acquired by Calvert Street Capital Partners. Diamond Heat Treat is based in Rockford, Illinois. Diamond represents the initial investment in the strategy to build a leading thermal processing company focused on value-added services. Central to this strategy is identifying and bringing together leading businesses that share a focus on world-class safety, quality, service, and advanced technology.
Mike Sobieski, CEO of the thermal processing strategy, commented: “Diamond represents our initial investment and we are delighted to partner with the Diamond team. The company, founded in 1996, has a long and well-deserved reputation for quality and service. We want to thank Bill Akre, Dan Neiber and Bill Denning and acknowledge their accomplishments. They have built an excellent company, and their priority has been to continue the success of the business and provide opportunities for their people. We are honored to continue – and hopefully build upon – their legacy.”
John Hubbard, Chairman, remarked, “I am excited that Diamond is our first step in building a best-in-class company that offers a range of advanced technologies. I believe that there is a tremendous opportunity to offer specialized services to address the evolving technological challenges in the marketplace. We look forward to announcing future acquisitions.”
As announced previously, Calvert Street has partnered with leading executives to build a meaningful thermal processing business. The team, which includes Don Longenette and Lewis Lance in addition to Mike Sobieski and John Hubbard, consists of highly experienced individuals who have spent their careers in thermal processing. This team has complementary skill sets and will be responsible for the day-to-day activities of the thermal processing platform.
Calvert Street is a Baltimore, Maryland-based private equity firm focused on investing in industrial service businesses in the lower middle-market. Since its inception in 1995, Calvert Street has focused on partnering with skilled management teams of privately held businesses to drive profitable growth and organizational transformation. The thermal processing partnership builds upon Calvert Street’s experience in other high-value add industrial sectors, including testing and inspection and precision machining.

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Heat Treat Radio #7: Former Bodycote CEO Re-Enters Heat Treat Market

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Welcome to another episode of Heat Treat Radio, a periodic podcast where Heat Treat Radio host, Doug Glenn, discusses cutting-edge topics with industry-leading personalities. Below, you can either listen to the podcast by clicking on the audio play button, or you can read an edited version of the transcript. To see a complete list of other Heat Treat Radio episodes, click here.

Audio: Former Bodycote CEO Re-Enters Heat Treat Market

In this conversation, Heat Treat Radio host, Doug Glenn, interviews John Hubbard, longtime CEO of Bodycote who retired in 2009 and has recently re-entered the market with an aggressive capital investment company located in Baltimore, Maryland. This 20-minute Heat Treat Radio interview gives you all the important news about what Mr. Hubbard and the Calvert Street Capital Partners (CSCP) are planning. To date, CSCP, under the leadership of Mr. Hubbard, have snagged top talent from the industry, including Mike Sobieski and Don Longenette, and are actively pursuing the acquisition of well-established and profitable commercial heat treat across North America.

Our aerospace, automotive, medical, and energy manufacturers with in-house heat treats will find it encouraging to hear what John has to offer.

Click the play button below to listen.

 

Doug Glenn, Publisher, Heat Treat Today
Doug Glenn, Heat Treat Today publisher and Heat Treat Radio host.

To find other Heat Treat Radio episodes, go to www.heattreattoday.com/radio and look in the list of Heat Treat Radio episodes listed.

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