Capstone Partners advised STAR EnviroTech, Inc. (“STAR”), a leading manufacturer of diagnostic smoke machines used by automotive service technicians, on its sale to CPS Products, a Harbour Group company. Terms of the transaction were not disclosed.
Based in Huntington Beach, Cal., STAR EnviroTech, Inc. (“STAR”) manufactures diagnostic smoke machines used by automotive service technicians to identify a wide range of automotive system leaks. The company’s products are trusted by more than 20 leading automotive OEMs, leading service tools brands and independent repair technicians.
Mr. Fox said, “CPS and STAR are a natural combination. The product suites, distribution, and sales channels are highly complementary. We look forward to utilizing the Harbour Group operational resources to continue building the company in Europe, Australia and around the world.”
“This acquisition strengthens our company’s position as the global leader in the professional technician tools market,” Paul Baldetti, President and CEO of CPS, commented. “While CPS has a similar product under its UView brand, the acquisition of STAR solidifies our position as the global leader in automotive leak detection.”