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PROCESS INSIGHTS ANNOUNCES THE ACQUISITION OF ALPHA OMEGA INSTRUMENTS
BOSTON, MA – December 8, 2017. Union Park Capital, a Boston based private equity firm focused on lower middle-market industrial technology investments, today announced the acquisition of Alpha Omega Instruments (“AOI”), based in Lincoln, RI. The business manufactures process measurement and control instrumentation primarily, trace and percent oxygen analyzers and transmitters. AOI will operate as an independent operating entity under Union Park’s Process Insights Holdings platform. Terms of the transaction were not disclosed.
“We’ve known Richard and his business for some time,” said Morgan Jones, Managing Partner of Union Park Capital. “After watching from the sidelines with admiration for many years, we are truly excited about adding AOI to our family of companies. We believe it is an excellent fit with our process analytics platform and the addition of oxygen analysis to our product offering will enable us to better serve our global customer base.”
“The Union Park Capital team is keeping my employees in place and providing them the tools, resources and capital to grow the business,” said Richard Buonauito, Founder and President of AOI. “I’ve built a relationship on trust over many years with Morgan and his team. Working with them was a pleasure, and I am confident that this transaction represents the ideal outcome for both customers and employees.”
In keeping with Union Park’s historical business practice, AOI will remain in Lincoln, RI. “We will continue to build upon the Alpha Omega Instrument brand that Richard and his team have created over the last 25 years.” Morgan continued.
About Alpha Omega Instruments
Founded in 1990 by Richard Buonauito and Stanley Hayes, Alpha Omega Instruments manufacturers and designs solutions for process measurement and analysis. The product portfolio consists of trace and percent oxygen analyzers and transmitters, safety monitors (oxygen deficiency and carbon dioxide) carbon dioxide analyzers, and moisture monitors. They are used by industrial, government, and educational institutions around the world for process optimization and safety applications. For more information visit www.aoi-corp.com.
About Union Park Capital
Union Park Capital is a private equity firm solely focused on lower middle-market industrial technology companies. Union Park takes a long-term perspective to help stakeholders build value over time, and drives value creation through profitably growing a business, not financial engineering. Union Park Capital is based in Boston, MA and has extensive investments and expertise in the analytical instrumentation sector. For more information, visit www.union-park.com.