M&A Deal Summary

VPG Acquires Dynamic Systems

On November 4, 2019, VPG acquired test/measurement equipment company Dynamic Systems from HCI Equity Partners for 41M USD

Acquisition Highlights
  • This is VPG’s 3rd transaction in the Test/Measurement Equipment sector.
  • This is VPG’s 2nd largest (disclosed) transaction.
  • This is VPG’s 3rd transaction in the United States.
  • This is VPG’s 1st transaction in New York.

M&A Deal Summary

Date 2019-11-04
Target Dynamic Systems
Sector Test/Measurement Equipment
Buyer(s) VPG
Sellers(s) HCI Equity Partners
Deal Type Add-on Acquisition
Deal Value 41M USD

Target

Dynamic Systems

Poestenkill, New York, United States
Dynamic Systems, Inc. is a designer and manufacturer of dynamic thermal-mechanical testing and physical simulation systems used for metallurgical analyses in a wide variety of industries. Dynamic Systems was founded in 1957 and is based in Poestenkill, New York.

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Buyer(S) 1

Buyer

VPG

Malvern, Pennsylvania, United States

Category Company
Founded 2009
Sector Test/Measurement Equipment
Employees2,300
Revenue 355M USD (2023)
DESCRIPTION

VPG is a designer, manufacturer and marketer of components based on its resistive foil technology; sensors; and sensor-based systems specializing in the growing markets of stress, force, weight, pressure, and current measurements. VPG was founded in 2009 and is based in Malvern, Pennsylvania.


DEAL STATS #
Overall 3 of 5
Sector (Test/Measurement Equipment) 3 of 5
Type (Add-on Acquisition) 3 of 5
State (New York) 1 of 1
Country (United States) 3 of 4
Year (2019) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-31 Pacific Instruments

Concord, California, United States

Pacific Instruments, Inc. is a designer and manufacturer of high‐performance data acquisition systems. Pacific Instruments provides installation, facility integration, training and on-going technical support for their manufactured products.

Buy $11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 DTS

Seal Beach, California, United States

DTS is a manufacturer of data acquisition systems and sensors for product and safety testing. DTS specializes in miniature data acquisition systems and data logger solutions for a variety of applications including product development, performance validation, and safety testing. DTS was founded in 1990 and is based in Seal Beach, California.

Buy $47M

Seller(S) 1

SELLER

HCI Equity Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

HCI Equity Partners is a private equity group that targets lower middle-market industrial product and service companies throughout North America. HCI is a 'hands on' investor, looking to assist portfolio companies with growth strategies and improving profitability. The Firm seeks opportunities with $20 to $200 million in revenues and strong management in place. Specific areas of interest include aerospace/defense, automotive and commercial vehicle suppliers, industrial distribution, infrastructure, power generation, test/measurement equipment, and transportation. HCI Equity Partners (fka Thayer | Hidden Creek Partners) is based in Washington DC.


DEAL STATS #
Overall 21 of 26
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 6 of 8
State (New York) 1 of 2
Country (United States) 19 of 24
Year (2019) 6 of 6
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-30 Ascend Leasing

Nashville, Tennessee, United States

Ascend Leasing is a provider of regional transportation and logistics solutions, specializing in truckload and warehousing and distribution services. Ascend Leasing was founded in 1969 and is based in Nashville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Pacific Defense

El Segundo, California, United States

Pacific Defense is a defense electronics platform. The platform consists of two products Spectranetix and Perceptronics. Products are designed from the outset for modern, AI-driven autonomy and CMOSS and SOSA-aligned hardware and software solutions. This includes state-of-the-art processing that can readily follow the evolution of commercial technology with complete data sharing across networks and platforms. Pacific Defense is based in El Segundo, California.

Buy -