ENMET, a portfolio company of Benford Capital Partners, has acquired Sensora Corporation, a maker of gas detection systems that are used in health, safety, industrial and defense applications. The company is headquartered in Bowling Green, KY.
ENMET was acquired by Benford as a platform in March 2015. The company is a manufacturer of gas detection equipment for the industrial, medical, and aerospace & defense markets. Products range from compressed air line monitors to portable detectors and continuous multi-channel fixed systems that are used in hazardous gas conditions. ENMET also custom engineers gas and vapor detection systems used in pipelines, ducts, process lines, storage tank headspaces, engine test cells, environmental chambers, vehicle maintenance areas and similar applications. The company was founded in 1970 and is based near Detroit in Ann Arbor, MI (www.enmet.com).
ENMET is led by its president Norman Davis. He was hired by Benford Capital upon acquisition of the company last year. Mr. Davis was the former president of Microsensor Systems, a Bowling Green, KY-based developer of chemical sensing technology used to detect chemical warfare agents.
Benford Capital makes control investments in smaller, lower middle market companies that have revenues of at least $3 million and EBITDAs of at least $1 million. Sectors of interest include niche manufacturers, unique service companies, and specialty distributors. Benford Capital was founded in 2004 by Edward Benford and is based in Chicago (www.benfordcapital.com).
Benford Capital continues to actively seek add-on acquisitions of gas detection instrument and sensor manufacturers to expand or compliment the operations of ENMET.
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 6-1-16