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M&A Deal Summary

ENVEA Acquires Droplet Measurement Technologies

On November 8, 2024, ENVEA acquired test/measurement equipment company Droplet Measurement Technologies from Benford Capital Partners

Acquisition Highlights
  • This is ENVEA’s 1st transaction in the Test/Measurement Equipment sector.
  • This is ENVEA’s 1st transaction in the United States.
  • This is ENVEA’s 1st transaction in Colorado.

M&A Deal Summary
Date 2024-11-08
Target Droplet Measurement Technologies
Sector Test/Measurement Equipment
Buyer(s) ENVEA
Sellers(s) Benford Capital Partners
Deal Type Add-on Acquisition

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

ENVEA

Poissy, France
Category Company
Founded 1978
Sector Environmental
Revenue 100M EUR (2019)
DESCRIPTION

ENVEA is manufacturing ambient, emissions, and process monitoring systems, with full turnkey capabilities (gas analyzers, dust monitors, solids and flue gas flow meters, air quality surveillance networks) completed by environmental data processing & reporting solutions. ENVEA was formed in 1978 and is based in Poissy, France.

DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

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 $5 million, and at least $2 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 11 of 12
Sector (Test/Measurement Equipment) 3 of 3
Type (Add-on Acquisition) 6 of 7
State (Colorado) 5 of 5
Country (United States) 11 of 12
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 Turri’s

Roseville, Michigan, United States

Turri’s provides IQF (“individually quick frozen”) pasta and rice to a diverse customer base, including food manufacturing companies, large CPGs, restaurant chains, national retailers, and distributors. Turri’s was founded in 1949 and is based in Roseville, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-29 Pasture Brands

Kalona, Iowa, United States

Pasture Brands is formed for an add-on acquisition of beverage and refrigerated food product companies. Pasture Brands Holdings was founded in 2021 and is based in Kalona, Iowa.

Sell -
Mergr

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