Sale to AMETEK, Inc.

Industrial
Sale to AMETEK, Inc.

Summary

Baird served as financial advisor to Spectro Scientific, Inc. on this transaction

About

Spectro Scientific, Inc. (“Spectro”), a portfolio company of SFW Capital Partners, L.P. (“SFW”), recently announced its sale to AMETEK, Inc. (“AMETEK”) (NYSE:AME) for approximately $190 million.

Spectro Scientific, Inc. is a leading provider of machine condition monitoring solutions for critical assets in high-value industrial applications. Spectro provides both lab-based and onsite instrumentation, consumables and cloud-based software analytics to help customers determine and monitor the condition of fluids in mission-critical equipment. Spectro is headquartered in Chelmsford, Massachusetts.

SFW is a specialized private equity firm that exclusively focuses on analytical tools and related services, including providers of instrumentation, information & software, and related business services, sectors where its team has been investing in for over 20 years. SFW is headquartered in Rye, New York.

AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with annualized sales of approximately $4.8 billion. AMETEK's growth model is based on four key strategies: Operational Excellence, Strategic Acquisitions, Global & Market Expansion and New Products. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P 500 Index. AMETEK is headquartered in Berwyn, Pennsylvania.
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Industrial
Sale to AMETEK, Inc.
Date
November 2018
Company
Spectro Scientific, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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