M&A Deal Summary

Benford Capital Partners Acquires Droplet Measurement Technologies

On December 15, 2016, private equity firm Benford Capital Partners acquired test/measurement equipment company Droplet Measurement Technologies

Acquisition Highlights
  • This is Benford Capital Partners’ 2nd transaction in the Test/Measurement Equipment sector.
  • This is Benford Capital Partners’ 8th transaction in the United States.
  • This is Benford Capital Partners’ 3rd transaction in Colorado.

M&A Deal Summary
Date 2016-12-15
Target Droplet Measurement Technologies
Sector Test/Measurement Equipment
Buyer(s) Benford Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Droplet Measurement Technologies

Longmont, Colorado, United States
Droplet Measurement Technologies is a manufacturer of scientific cloud and aerosol particle measurement instruments. Droplet Measurement Technologies was founded in 1987 and is based in Longmont, Colorado.

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Buyer(S) 1

Buyer

Benford Capital Partners

Chicago, Illinois, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Benford Capital Partners is a private equity investment firm focused on leveraged buyouts and recapitalizations of smaller, lower middle-market companies in the US and Canada. Benford targets niche manufacturers, unique service companies and specialty distributors with minimum sales of $3 million, and at least $1 million in EBITDA. Avoided industries/transactions include retail, restaurants, software, start-ups, real estate, commodity products, and biotech. Benford Capital Partners was formed in 2004 and is based in Chicago, Illinois.

DEAL STATS #
Overall 8 of 24
Sector (Test/Measurement Equipment) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 3 of 10
State (Colorado) 3 of 4
Country (United States) 8 of 23
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-11 Double L Group

Dyersville, Iowa, United States

Double L Group is a designer, manufacturer, and supplier of ventilation and flooring products utilized in poultry houses and swine growing barns. Double L Group was founded in 1973 and is based in Dyersville, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-20 Saco Foods

Middleton, Wisconsin, United States

Saco Foods is a packager and distributor of specialty consumer packaged goods food products. Saco’s primary products include Dolci Frutta, a chocolate hard-shell dessert dip for fruit, nuts, and other snacks, as well as powdered instant milk, powdered dry buttermilk, and baking cocoa sold under the Saco Pantry family of brands. Saco Foods was founded in 1973 and is based in Middleton, Wisconsin.

Buy -
Mergr

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