Private Equity Firm Buys Dwyer Instruments
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowMichigan City-based Dwyer Instruments has been acquired by Arcline Investment Management of San Francisco. Financial terms of the deal were not disclosed.
Dwyer, which was founded in 1931, designs and manufactures sensor and instrumentation solutions for HVAC and building automation markets.
“From early in the process, it was clear that Arcline understood our business and would be a tremendous fit to carry on the Dwyer legacy. I could not be happier with the outcome and look forward to following the growth of the business in the future,” said Dwyer Chairman Steve Clark.
Arcline says the Clark family built a strong brand within the process automation markets.
“We believe the company’s differentiated products position it well to serve the growing trend toward greater process automation, connected devices and improved indoor air quality and energy efficiency. We are excited to partner with management to steward the business in its next phase of growth.”
Arcline says KeyBanc Capital Markets and Baird served as financial advisors in connection with the transaction.