Spectro Scientific, a developer and manufacturer of analytical tools and software for industrial fluids analysis and a portfolio company of SFW Capital Partners, has acquired On-Site Analysis. This transaction closed in November 2014.
On-Site Analysis (OSA) specializes in the development and manufacture of advanced fluids analysis hardware and software technologies, primarily for on-premise coolant, oil and lubrication testing for municipal and commercial fleet vehicles. The company is headquartered in Palm Beach Gardens, FL with a manufacturing facility in Marlborough, MA (www.on-siteanalysis.com).
“Since its inception, OSA has pursued a vision of moving the oil and lubrication testing process from large, centralized laboratories to the actual users of the analytical information. That strategy aligns perfectly with Spectro Scientific’s promise of enabling our customers to always make confident, knowledge-based decisions immediately and without the need of an expert operator,” said Spectro Scientific President and CEO Brian Mitchell.
Spectro Scientific, acquired in July 2011 by SFW, specializes in analytical instrumentation and software for industrial performance fluids analysis. It is one of the largest worldwide suppliers of oil, fuel and processed water analysis instruments to industry and the military. Industry clients include petrochemical, mining, power generation and water treatment companies as well as commercial testing laboratories. Spectro Scientific is headquartered in Chelmsford, MA (www.spectrosci.com).
SFW Capital Partners 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).
© 2015 PEPD • Private Equity’s Leading News Magazine • 1-27-15