M&A Deal Summary

Spectris Acquires Micromeritics

On July 16, 2024, Spectris acquired test/measurement equipment company Micromeritics from SFW Capital Partners for 630M USD

Acquisition Highlights
  • This is Spectris’ 6th transaction in the Test/Measurement Equipment sector.
  • This is Spectris’ largest (disclosed) transaction.
  • This is Spectris’ 8th transaction in the United States.
  • This is Spectris’ 1st transaction in Georgia.

M&A Deal Summary

Date 2024-07-16
Target Micromeritics
Sector Test/Measurement Equipment
Buyer(s) Spectris
Sellers(s) SFW Capital Partners
Deal Type Add-on Acquisition
Deal Value 630M USD

Target

Micromeritics

Norcross, Georgia, United States
Micromeritics is a provider of analytical instrumentation for particle and materials characterization. Micromeritics offers market-leading technologies for the characterization of surface area and porosity, density and volume, physical and chemical adsorption, and size and shape of particles. Micromeritics was founded in 1962 and is based in Norcross, Georgia.

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Buyer(S) 1

Buyer

Spectris

London, United Kingdom

Category Company
Founded 1915
Sector Test/Measurement Equipment
Employees7,266
Revenue 1.3B GBP (2024)
DESCRIPTION

Spectris is a supplier of productivity enhancing instrumentation and controls. The Company's products and technologies help customers to improve product quality and performance, improve core manufacturing processes, reduce downtime and wastage and reduce time to market. Spectris operates across four business segments which reflect the applications and industries it serves: Materials Analysis, Test and Measurement, In-line Instrumentation and Industrial Controls. Spectris was founded in 1915 and is based in London, United Kingdom.


DEAL STATS #
Overall 15 of 16
Sector: Test/Measurement Equipment M&A 6 of 7
Type: Add-on Acquisition M&A Deals 14 of 15
State: Georgia M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2024 M&A 2 of 3
Size (of disclosed) 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-04 SciAps

Andover, Massachusetts, United States

SciAps specializes in portable analytical instruments for measuring elements, minerals, and compounds using technologies like X-ray Fluorescence (XRF) and Laser-Induced Breakdown Spectroscopy (LIBS). SciAps is based in Andover, Massachusetts.

Buy $260M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-05 Piezocryst

Graz, Austria

Piezocryst is a provider of piezoelectric sensors, specializing in high-precision pressure sensors and accelerometers for demanding applications. The Company’s sensors are known for their quality, durability and precision, helping optimise engines, machines and processes in the harshest of environments. Piezocryst is based in Graz, Austria.

Buy €134M

Seller(S) 1

SELLER

SFW Capital Partners

Rye, New York, United States

Category Private Equity Firm
Founded 2007
PE ASSETS 950M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

SFW Capital Partners is a private equity firm that seeks investments in U.S.-based, lower middle market companies that provide analytical tools or related outsourced analytical services. Specific areas of interest include test, measurement, and control instruments, as well as analytical software and information services. SFW primarily seeks control positions where the firm can commit $25 to $100 million per transaction. SFW Capital Partners was formed in 2007 and is based in Rye, New York.


DEAL STATS #
Overall 13 of 13
Sector: Test/Measurement Equipment M&A 3 of 3
Type: Add-on Acquisition M&A Deals 7 of 7
State: Georgia M&A 1 of 1
Country: United States M&A 13 of 13
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Greenshades Software

Jacksonville, Florida, United States

Greenshades Software is a provider of the payroll tax and human capital management (“HCM”) information and software solutions with deep integrations into leading mid-market ERP platforms such as the Microsoft Dynamics portfolio of products, amongst many others. Greenshades Software was founded in 2002 and is based in Jacksonville, Florida.

Sell -