United States. Arcline Investment Management ("Arcline"), a private equity firm, announced that it has acquired a majority stake in Dwyer Instruments, a management and Clark family company.
Dwyer Instruments is a designer and manufacturer of sensor and instrumentation solutions for the global process automation, HVAC and building automation markets. The company has 93 active and pending patents and offers a broad set of more than 40,000 configurable SKUs, allowing it to service almost all customer-required applications. Dwyer serves more than 20,000 active OEMs, distribution customers and end users through its offices in the US, UK, Hong Kong, Australia and Singapore.
Arcline commented, "The Clark family and the Dwyer team have built a strong brand with instrumentation and sensor solutions for the process automation markets. We believe the company's differentiated products position it well to cater to the growing trend toward greater process automation, connected devices, and improved indoor air quality and energy efficiency. We are excited to partner with management to manage the business into its next phase of growth."
Steve Clark, President of Dwyer, added: "From the beginning of the process, it was clear that Arcline understood our business and would be an excellent choice to continue Dwyer's legacy. I couldn't be happier with the result and look forward to continuing the growth of the business in the future."
