Emerson, St. Louis, MO, sold its Brooks Instrument unit to American Industrial Partners Capital Fund IV, L.P. for $100 million in cash.
AIP is a private equity investment firm focused on middle-market companies.
Brooks, headquartered in Hatfield, PA, provides flow measurement and control devices to the low flow application market, and principally serves the chemical and semiconductor industries. Its sales in fiscal 2007 were $90 million.
The sale of Brooks is representative of Emerson’s ongoing strategy to manage its business mix toward high-growth, high-return businesses that are strategic to its entire portfolio. Over the past 18 months, Emerson sold several small businesses which included its Western Forge hand tool unit and …
Emerson Sells Brooks Unit to Private Equity Firm
Emerson, St. Louis, MO, sold its Brooks Instrument unit to American Industrial Partners Capital Fund IV, L.P. for $100 million in cash.
AIP is a private equity investment firm focused on middle-market companies.
Brooks, headquartered in Hatfield, PA, provides flow measurement and control devices to the low flow application market, and principally serves the chemical and semiconductor industries. Its sales in fiscal 2007 were $90 million.
The sale of Brooks is representative of Emerson’s ongoing strategy to manage its business mix toward high-growth, high-return businesses that are strategic to its entire portfolio. Over the past 18 months, Emerson sold several small businesses which included its Western Forge hand tool unit and …
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- Filed In: Electrical, Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors
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