Process Sensing Technologies Acquired by DwyerOmega
Deal News | Nov 21, 2024 | PR Newswire Cision AEA Investors
AEA Investors' Middle Market Private Equity team and Battery Ventures have completed the sale of Process Sensing Technologies (PST) to DwyerOmega, a global leader in sensors and instrumentation solutions. PST, renowned for its advanced measurement and monitoring solutions across various industries, has successfully positioned itself as a global market leader under AEA and Battery's stewardship. The sale concludes a partnership that began with Battery's foundational investment in 2016 and was further propelled by AEA's majority ownership stake acquired in 2020. Throughout this period, PST expanded its geographical footprint and market reach, offering high-precision products that ensure compliance with regulatory norms while enhancing operational efficiency. AEA's involvement helped PST undertake strategic M&A, develop new product lines, and significantly grow its market share, transforming into a competitive force despite an unpredictable economic climate. The transition to DwyerOmega promises further growth opportunities for PST's innovative solutions, catering to increased demands in diverse fields such as pharmaceuticals, aerospace, and energy.
Sectors
- Industrial Technology
- Private Equity
- Manufacturing
Geography
- United States – AEA Investors and Battery Ventures are based in the US and have played significant roles in the transaction.
- United Kingdom – Process Sensing Technologies is mentioned to have operations and influence within the UK.
- Europe – The article notes the expansion of PST's operations throughout Europe, contributing to its global reach.
Industry
- Industrial Technology – The article discusses the sale of a company specializing in advanced measurement and monitoring solutions for industrial applications.
- Private Equity – The article involves private equity firms AEA Investors and Battery Ventures, highlighting their investment and divestment activities.
- Manufacturing – PST and DwyerOmega operate in the manufacturing sector, providing sensor technologies essential for process-critical applications.
Financials
- $19 billion – Amount of capital managed by AEA Investors, including various investment activities.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AEA Investors | Seller | Company | Private equity firm involved in managing the sale of PST. |
| Battery Ventures | Co-Seller | Company | Investment firm that helped develop PST from its inception in 2016. |
| Process Sensing Technologies | Target Company | Company | A global provider of measurement and monitoring solutions for critical applications. |
| DwyerOmega | Buyer | Company | Global manufacturer acquiring PST to enhance its innovation in sensor and instrumentation solutions. |
| Adam Markin | CEO of PST | Person | Chief Executive Officer leading PST during its growth and sale transition. |
| Ramzi Gedeon | Partner at AEA MMPE | Person | Partner at AEA overseeing the investment in PST and its sale. |
| Jesse Feldman | General Partner at Battery | Person | General Partner at Battery Ventures, supporting PST's development. |