R.S.T. Instruments, a portfolio company of Vance Street Capital, has acquired Measurand Group, a manufacturer of geotechnical instrumentation.
Measurand’s products are used to measure the deformation of soil and structures and are used in monitoring mines, tailings ponds, bridges, tunnels, geohazards (landslides), dams and levees. The company’s instruments are sold under the ShapeArray and 3D ShapeArray brand names. Measurand was founded in 1993 by Lee Danisch and is headquartered in Fredericton, NB (www.measurand.com).
The acquisition of Measurand follows Vance Street’s acquisition of R.S.T. Instruments (RST) in September 2017 from Hammond, Kennedy, Whitney & Company.
RST designs and manufactures geotechnical instrumentation and data systems that are used to measure the structural integrity of bridges, dams and levees, mines, tailings ponds, tunnels and highways. RST’s products are used to monitor, measure, log and transmit readings of geotechnical properties such as inclination, pressure, displacement and temperature. RST was founded in 1977 and is headquartered near Vancouver in Maple Ridge, BC (www.rstinstruments.com).
“We’re excited to support the continued growth of Measurand’s innovative displacement monitoring technology,” said Brian Martin, a managing partner at Vance Street. “Paired with RST’s best-in-class geotechnical instrumentation offering, the combined platform will be well suited to take advantage of the significant tailwinds driving the adoption of critical asset monitoring solutions.”
Vance Street makes control investments in companies with enterprise values of $30 million to $250 million and EBITDA of $3 million to $25 million. Sectors of interest include aerospace, defense, industrial, and medical. The firm is based in Los Angeles (www.vancestreetcapital.com).
Debt financing for the transaction was provided by the BMO Canadian Sponsor Coverage group.
© 2019 Private Equity Professional | March 4, 2019
