Boston, MA – September 30, 2015. KPM Analytics, a Union Park Capital holding company, announced today the acquisition of Process Sensors Corporation, a leading provider of analytical instrumentation for quality control determination in manufacturing processes. The Company’s product range includes (NIR) spectrometers, non-contact infrared temperature sensors, and radio frequency moisture gauges.
Process Sensors will join Unity Scientific as an independent operating entity under Union Park’s KPM Analytics. “We are overjoyed that Process Sensors and Unity Scientific will be working together,” said Morgan Jones, Managing Partner of Union Park Capital. “Not only are both businesses leaders in NIR spectroscopy, they complement each other tremendously in other facets. Process Sensors extends Unity Scientific’s leadership in NIR instrumentation to process applications, so we can now provide customers measurement of moisture, oils and other components in both laboratory and process settings, especially in food, feed, forage, and agriculture applications. Going forward, we’ll add to this family of companies, continuing to broaden the product and technology portfolio to better serve our markets.”
Tim Carey, Co-Founder and Owner of Process Sensors states, “The investment by Union Park and partnership with Unity Scientific is wonderful for our customers, employees and sales network. The business can now pursue a broader vision and expand its scope with a more comprehensive product set.” Rob Winson, Co-Founder and Owner added, “We will carry on designing and manufacturing cutting-edge and valuable solutions for a wide range of applications and end markets, and we look forward to the additional momentum increased engineering resources will create.” Carey and Winson will remain with the company going forward.
The KPM Analytics family of companies will be led by a new CEO, Chris McIntire, who was one of Union Park Capital’s operating advisors. “Chris is an extraordinary operator,” says Morgan. “Chris was most recently Senior Vice President, Analytics and Treatment at Xylem, Inc.. He ran a prior investment of mine called Nova Analytics which was acquired by ITT (now Xylem). Chris delivered excellent growth both organically and inorganically and he’s been in analytical instrumentation companies his entire career – I can think of no one better to lead KPM Analytics.”
About Process Sensors
Process Sensors is a leading manufacturer of state-of-the-art gauges and sensors to measure moisture and temperature, providing the most accurate and reliable measurement available for quality control in manufacturing processes, for industries worldwide. PSC’s MCT Series moisture analyzers and transmitters, employ true Smart Sensor Technology (SST®), next generation optics and stable electronics, to meet the increasingly stringent quality controls required by today’s manufacturing industries, and to provide innovative process control solutions for maximum on-line manufacturing productivity, cost efficiency and profitability.
Process Sensors is now the world’s number one supplier of on-line near infrared (NIR) moisture sensors for the continuous monitoring and measurement of moisture, coatweight, oils and other constituents, in the manufacture of food products (including snack foods), animal food, wood products, and tobacco, as well as the paper/converting industry, pharmaceutical manufacture, the chemical industry, minerals and various bulk materials, and a wide diversity of other manufacturing industries throughout the world. The corporate headquarters including production is located in Milford, MA, USA, and sales offices are located in Franklin Lakes, NJ, USA, Corby, UK and Warsaw, Poland. For more information, visit www.processsensors.com and www.processsensorsir.com.
About Unity Scientific
Unity Scientific is a well-regarded provider of analytical instrumentation for quality control applications within production processes and laboratory environments. Unity’s product portfolio includes near infrared (NIR) spectrometers, wet chemistry analyzers and sample preparation equipment. Unity serves a wide range of end markets, but has an added concentration within the food & dairy, agricultural and environmental markets. The corporate headquarters including engineering and production are located in Brookfield, CT, USA and its European headquarters are located in Weiler Bei Bingen outside Frankfurt, Germany. For more information, visit www.unityscientific.com.
About KPM Analytics
At KPM Analytics, we take great pride in what we do. Our premium brands provide instrumentation solutions for many industries and markets. From food quality and safety to environmental and agriculture, our customers turn to us for their advanced scientific instrumentation needs. Its market-leading brands include Unity Scientific, Inc. (CT, USA), Process Sensors Corporation (MA, USA), and CHOPIN (France). For more information, visit www.kpmanalytics.com.
About Union Park Capital
Union Park Capital is a private equity firm solely focused on lower middle-market Industrial Technology companies. Union Park takes a long term perspective to help stakeholders build value over time, and drives value creation through profitably growing a business, not financial engineering. Union Park Capital is based in Boston, MA and has extensive investments and expertise in the scientific instrumentation sector. For more information, visit www.union-park.com.