Boston, MA – Union Park Capital (“UPC”) is pleased to announce the sale of Process Insights Inc. (“Process Insights” or the “Company”) to Industrial Growth Partners (“IGP”). The acquisition of Process Insights marks an exciting milestone for both companies and underscores Union Park Capital’s commitment to delivering exceptional value to its investors and portfolio companies. Terms of the transaction were not disclosed.
Process Insights is a leading solution provider of analytical instrumentation to detect, analyze, and monitor critical parameters across gas and liquid phase applications. With a strong reputation for its cutting-edge technology, Process Insights serves a diverse set of highly resilient end markets to ensure product quality and consistency, safe operations, regulatory compliance, and process optimization.
Union Park Capital launched Process Insights in August 2017. Since that time Process Insights successfully completed and integrated nine strategic business and product line acquisitions, accelerating growth across end markets, product categories, and geographies through targeted wallet share gains and a more coordinated global after-market service organization. Additionally, Process Insights made significant investments in technical sales, service and engineering hires, facility expansion and optimization through automation, and digital infrastructure to enable data-driven decision making and real time insights to drive meaningful growth.
“This successful transaction represents a significant milestone in Process Insights’ growth journey, and we are confident that IGP will provide the necessary resources and expertise to take the Company to new heights. We would like to extend our heartfelt thanks to Union Park Capital, whose dedication and passion have been invaluable in positioning the Company for this exciting future,” said Monte Hammouri, CEO of Process Insights. “Union Park provided valuable support and resources to assist as we successfully executed our long-term strategic plan to grow the Company and better serve our customers. I am very proud of our team and thankful for the resolve and support that Union Park Capital demonstrated throughout the course of the partnership.”
“We are very pleased that IGP fully appreciated the cohesive business we built at Process Insights. We were fortunate to have purchased a set of high-quality businesses and labored alongside our management team to build a unified business, better serve our customers, and enhance our growth over the past handful of years. We are proud to have succeeded in that endeavor, while preserving the strong brands, the deep application expertise and the culture of the businesses we acquired,” said Morgan Jones, Managing Partner at Union Park. “We are forever grateful to our employees who worked tirelessly to drive the business forward,” added Morgan.
Robert W. Baird & Co served as exclusive financial advisor to Process Insights.
About Union Park Capital
Union Park Capital is a private equity firm solely focused on lower middle-market Industrial Technology companies. Union Park takes a long-term perspective to help stakeholders build value over time, and drives value creation through profitably growing a business, not financial engineering. Its flexible partnership approach can provide investment for any combination of ownership liquidity, internal growth initiatives, or acquisitions. For more information, visit www.union-park.com.
About Process Insights
Process Insights is a leading, global innovator and manufacturer of instruments focused on process analytics, monitoring, control, and safety. Process Insights’ premium brands are used across a wide range of applications and end markets to ensure safe operation, increase product quality and attain higher levels of efficiency in process industries. Process Insights offers a sophisticated suite of instruments, monitors, sensors and software that help customers make complex analytical measurements used in mission-critical applications to reduce disruptions, downtime, and lost productivity, all while managing increasing regulatory complexity, safety expectations and cost in industrial processes. For more information, visit www.process-insights.com.