William Blair acted as financial advisor to Process Sensing Technologies (PST), a portfolio company of AEA Investors (AEA), in connection with its sale to DwyerOmega, a portfolio company of Arcline Investment Management (Arcline). The transaction closed on November 20, 2024.
About the Companies
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. The firm 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 roughly $19 billion of invested and committed capital including the leveraged buyouts of middle market and small business companies, growth capital, and private debt investments.
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.
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