Industrial Physics, Inc., a Boston-based test and measurement manufacturer and portfolio company of Union Park Capital, announced the acquisition of Systech Illinois. As specialists in gas and moisture measurement and analysis, Systech Illinois’ application and technology expertise provides efficient gas analysis solutions in many industry sectors worldwide. The company is headquartered in Thame UK, with its US headquarters in Johnsburg, Illinois.
Systech Illinois will be joined with TM Electronics, acquired by Industrial Physics in October, to offer customers a comprehensive suite of solutions for permeation, package testing and MAP gas analysis used by food, beverage, electronics, pharmaceutical and medical device companies as well as packaging material suppliers to assure product quality and long shelf-life.
EC Mergers & Acquisitions acted as the exclusive financial advisor to Union Park on this transaction.