UNION PARK ANNOUNCES ACQUISITION OF VIEUX & ASSOCIATES
BOSTON, MA – July 31, 2018. Union Park Capital, a Boston based private equity firm focused on lower middle-market industrial technology investments, today announced the acquisition of Vieux & Associates, Inc (“Vieux”), based in Norman, Oklahoma. Vieux is the leading provider of advanced technologies for rainfall and runoff products/services serving wet weather, stormwater, flood and water resources applications. The business will join Union Park’s Advanced Environmental Monitoring Holdings platform (“AE Monitoring”), which was launched in March 2018. Terms of the transaction were not disclosed.
“We are very excited to have Vieux join the AE Monitoring family,” says Peter McGuire, Partner at Union Park Capital. “Jean and Baxter have built an incredible business that serves as a leader in the radar rainfall and runoff markets. Their technical capabilities and deep application knowledge are second to none and their market positioning pairs extremely well with our existing businesses. We look forward to continuing the legacy that Jean and Baxter have started and helping the business continue to grow,” said Peter.
“It’s wonderful to be joining AE Monitoring,” says Jean Vieux, who will remain as President of Vieux. “We were already familiar with OneRain and High Sierra and our relationship with Union Park was a natural fit. As Baxter and I thought about the future of the business, we wanted to find a home where we could continue to support our customers and employees and provide new opportunities for growth and development.”
“I’m thrilled we found a new platform that will allow the business to prosper,” says Baxter Vieux, who will remain as CTO. “Jean and I can’t wait to continue our efforts and grow alongside Union Park, OneRain, High Sierra and the entire AE Monitoring family.”
About Vieux & Associates, Inc.
Vieux & Associates, Inc. was founded in 1992 and is powered by a talented team dedicated to developing and supporting advanced technologies for rainfall and runoff products/services serving wet weather, stormwater, flood, and water resources applications. The employees are located in Oklahoma, Colorado, Texas and New York. Professional affiliations include the American Meteorological Society, the National Hydrologic Warning Council, and the Water Environment Federation. For more information visit www.vieuxinc.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.