July 19, 2023: Indianapolis-based private equity firm CID Capital II, Inc. (“CID”) announced that it has recently completed the sale of Strahman Holdings ("Strahman") to Flow Control Holdings, a Portfolio Company of Audax Private Equity. Terms of the deal were not disclosed.  

Founded in 1921 and headquartered in Bethlehem, Pennsylvania, Strahman is a leading manufacturer of washdown equipment, sampling valves, and valve automation products for the pharmaceutical, food and beverage and industrial end markets.

Under CID's ownership, Strahman expanded the Company’s leadership team, added new channels of distribution and completed a strategic acquisition while maintaining its customer-centric approach.

Eric Derheimer added, “Strahman recently achieved its 100-year anniversary. That impressive milestone can only be reached through continuous innovation and a strong focus on the customer. I’m proud of the management team in place and the progress that the Company made under our ownership and wish the team continued success as a division of Flow Control Holdings.”

CID, which focuses exclusively on partnering with founder, family and management-owned businesses, originally invested in Strahman in December of 2013.

Eric Derheimer and Eric Bruun led the investment for CID.

Ice Miller, LLP acted as the legal counsel for CID.

About Strahman Valves

Strahman Valves, headquartered in Bethlehem, PA, is a leading manufacturer of process valves, valve automation, and wash down equipment serving a wide range of customers and end markets.