SFW Capital Partners has made an investment in Industrial Dynamics Company. SFW is partnering in this investment with the company’s CEO, Steve Calhoun and its management team.
Industrial Dynamics Company (DBA Filtec) is a provider of in-line inspection instrumentation and systems for the global beverage industry. The company’s products include a full line of instrumentation and related software and services for inspection of empty and full containers on glass and PET bottling, canning and other packaging lines. Customers include Coca-Cola, Pepsi, SABMiller, and ABInBev, among many others. Filtec was founded in 1958 by Fred Calhoun (father of current CEO Steve Calhoun) and is based in Torrance, CA (www.filtec.com).
“Filtec exhibits the key characteristics that we look for in all of our investments in the analytical instrumentation market: high-value products and services, deep customer relationships, and significant opportunities for growth,” said Ahmad Sheikh, SFW Principal, who will be a member of the Filtec Board of Directors. “We look forward to partnering with Steve Calhoun and the Filtec management team to build on and extend the success of the company.”
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).
With SFW’s support and resources, Filtec plans on making investments to further expand its product line, increase its service and support capabilities, and develop and introduce new products.
“We are very pleased to be partnering with the SFW team, which is a respected long-term investor and builder of analytical instrumentation businesses,” said Mr. Calhoun. “We are very proud of our accomplishments here at Filtec, and this significant investment serves as a strong endorsement for our business model and growth strategy, as well as our future prospects.”
© 2013 PEPD • Private Equity’s Leading News Magazine • 11-5-13
