The Harbour Group has acquired Air Monitor Corporation, a maker of airflow measurement equipment, from members of the DeBaun family.
Air Monitor is a manufacturer of airflow measurement equipment used in control applications in the HVAC, power generation, health care, laboratory and industrial markets. Products include differential pressure and thermal mass flow meters, coal flow measurement systems, and instrumentation. Air Monitor was founded in 1967 by Kenneth DeBaun, who passed away in 2010. Dean DeBaun acquired the business from his father in 1990. Air Monitor is headquartered north of San Francisco in Santa Rosa, CA (www.airmonitor.com).
“Air Monitor has a long history of technological achievements and excellent customer service, which fits very well into the Harbour Group family of companies,” said Jeff Fox, Harbour Group’s chairman and chief executive officer. “This acquisition continues our tradition of combining our deep operational resources with management teams of successful, family-owned business to accelerate growth and deliver outstanding results for both customers and employees.”
Harbour Group and its companies are engaged in manufacturing and distribution in multiple industries, including flow and energy measurement, boiler systems, professional diagnostic and repair tools, specialty LED systems, niche distribution, logistics services, decorative kitchen and bath hardware, abrasives, diamond-cutting products and related tools, entertainment and music products, and auxiliary plastic processing equipment. Since its founding in 1976, Harbour Group has acquired 179 companies in 37 different industries. The firm is based in St. Louis (www.harbourgroup.com).
“This is a very exciting time for our company,” said Dean DeBaun, president of Air Monitor. “We are very proud of our people and the company they helped build, and we are confident that our record of innovation and customer service will be enhanced by this new partnership. Harbour Group’s nearly four decades of experience with growing engineering-driven companies like ours promises to deliver exceptional results.”
© 2015 PEPD • Private Equity’s Leading News Magazine • 2-12-15
