Deal Details

PST Is Acquired by DwyerOmega

Industrial

PST, a portfolio company of AEA and Battery, sale to DwyerOmega, a portfolio company of Arcline

Summary

Process Sensing Technologies (“PST” or the “Company”), a portfolio company of AEA Investors (“AEA”) and Battery Ventures ("Battery"), has been acquired by DwyerOmega, a portfolio company of Arcline Investment Management (“Arcline”). Terms of the transaction were not disclosed.

Baird served as lead financial advisor to PST on this transaction.

About

PST is a leading global provider of advanced measurement and monitoring solutions for process-critical applications. PST designs, manufactures and distributes differentiated, high-precision measurement solutions that analyze and monitor vital process parameters. The Company’s portfolio of solutions serves a broad range of industries, including pharmaceuticals, bioscience, medical, aerospace, semiconductor, compressed air, building automation and energy. With operations across Europe, North America and Asia, PST’s solutions are trusted in mission-critical applications worldwide.

AEA was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders, many of whom invest with AEA as active individual investors, join its portfolio company boards or act in other advisory roles. Today, AEA’s over 120 investment professionals operate globally with offices in New York, Stamford, San Francisco, London, Munich and Shanghai. The firm manages funds that have approximately $19 billion of invested and committed capital including the leveraged buyouts of middle market and small business companies, growth capital and private debt investments.

Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, consumer tech, healthcare IT and industrial technology and life-science tools. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from offices in Boston, San Francisco, Menlo Park, New York, London and Tel Aviv.

DwyerOmega is a leader in the design and manufacture of innovative sensors and instrumentation solutions for the indoor environmental quality, building automation, process and environmental markets. DwyerOmega has a global footprint and serves its market through brands including Dwyer Instruments, Omega Engineering, ACI, Miljoco, Weiss Instruments, Love Controls, Mercoid, WE Anderson, Proximity and UFM.

Arcline is a growth-oriented private equity firm with $9.1 billion in cumulative capital commitments. Arcline seeks to invest in technology-driven, meaningful to the world industrial businesses that enable a better future.

Industrial

PST, a portfolio company of AEA and Battery, sale to DwyerOmega, a portfolio company of Arcline