SFW Capital Partners Acquires Wilks

SFW Capital Partners Acquires Wilks

wilks nfSpectro, a portfolio company of SFW Capital Partners, has acquired Wilks Enterprise, Inc., a manufacturer of mid-infrared analytical instrumentation.

“We are excited to have Wilks Enterprise become part of Spectro as we continue to build a global leadership position in the industrial fluids analysis market,” said Brian Mitchell, president and CEO of Spectro. “Wilks has built an excellent position and reputation in its core markets with portable, rugged and easy to operate instruments. Combining this with Spectro’s extended resources and channel reach gives us optimism in projecting significant future growth from the Wilks platform.”

Wilks Enterprise specializes in the development and manufacture of mid-infrared application specific analyzers that are used for biofuel, petrochemical, environmental, quality control, manufacturing and ambient air monitoring measurement. The company was founded in 1995 and is based in Norwalk, CT (www.WilksIR.com).

“Both Spectro and Wilks have excellent synergy between their product lines, industries served, and the shared goal of providing rugged, easy-to-use analyzers. We are excited by the prospect of additional resources that will help bring new products and applications to market,” said Sandra Wilks Rintoul, President of Wilks.

Spectro specializes in analytical instrumentation and software for industrial performance fluids analysis. It is one of the largest worldwide suppliers of oil and fuel analysis instruments to industry and the military worldwide. Customers include petrochemical, mining, power generation companies as well as commercial testing laboratories. Products include spectrometers for wear metal analysis, lubricant degradation and contamination analyzers, particle analysis instruments and turnkey systems for oil or fuel analysis laboratories. The company is based in Chelmsford, MA (www.spectroinc.com).

BCMS Capital Advisors (www.bcmscorp.com) acted as the exclusive financial advisor to Wilks Enterprise on this transaction.

SFW focuses exclusively on analytical tools and related services companies, including providers of instrumentation, software, information and analytical services. SFW typically invests from $10 million to $75 million of equity in middle market companies that have up to $25 million in EBITDA. The firm has offices in Rye, NY and Hudson, OH (www.sfwcap.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 10-2-13

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