AEA Investors’ (“AEA” or the “Firm”) Middle Market Private Equity team announced today that its fund has closed the acquisition of Process Sensing Technologies (“PST” or the “Company”). PST is a leading provider of moisture, oxygen and trace gas measurement solutions for process critical applications. The company provides sensors, transmitters and systems that address a diverse range of applications across a variety of end markets, including life sciences, general light industry, natural gas, building automation, food & beverage, and others. PST’s products drive process quality and efficiency improvements and are becoming increasingly valuable due to stricter health, safety and environmental regulations. Solutions are mission critical and supported by replacement demand, with the company effectively differentiating through strong engineering capabilities, deep application knowledge and technology expertise. The company’s above market growth has also been supported by a strong track record of new product development, which continues to be a tool to scale its core expertise while extending reach into new applications. AEA has a successful history of investing in the industrial technology space. The investment in PST represents an opportunity to partner with an experienced management team in an industry benefiting from long term secular growth, underpinned by greater penetration of sensing technology in industrial processes.
EC M&A acted as M&A advisor to AEA on this transaction.