Majority Investment from AEA Investors LP

Industrial
Majority Investment from AEA Investors LP

Summary

Baird served as financial advisor to Process Sensing Technologies on this transaction

About

Process Sensing Technologies (“PST” or the “Company”), a portfolio company of Battery Ventures (“Battery”), has received a majority investment from AEA Investors LP (“AEA”). Terms of the transaction were not disclosed.

PST is a global provider of instruments, sensors and software for precision measurement and remote monitoring of critical process parameters, including humidity, moisture, oxygen and trace gas impurities. The Company’s technologies keep critical business infrastructure and processes running efficiently, safely and compliant with stringent regulations across diverse end markets including pharmaceuticals, life sciences, specialty gases, petrochemicals, food-and-beverage, semiconductors and building automation. The Company has a global presence with multiple locations in Europe, Asia and the Americas. Current brands operating under the PST umbrella include Analytical Industries, Dynament, LDetek, Michell Instruments, NTRON, Rotronic and SST Sensing.

Battery Ventures partners with founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, online marketplaces, healthcare IT and industrial technology. Founded in 1983, Battery backs companies at all stages, ranging from seed and early to growth and buyout, and covers technology markets from six strategic locations including Boston; Menlo Park and San Francisco, California; Herzliya, Israel; London; and New York. Since 2013, Battery’s industrial-technology practice has invested in more than 50 companies across the United States and Europe.

AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. Today, AEA’s approximately 90 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. AEA manages funds that have over $15 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments. AEA Private Equity invests across three sectors: value added industrials, consumer, and services.
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Industrial
Majority Investment from AEA Investors LP
Date
December 2020
Company
Process Sensing Technologies
Transaction
M&A
Sectors
Industrial
Target Location
Europe
Acquiror Location
North America

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