UNION PARK ANNOUNCES ACQUISITION OF UNITED CALIBRATION
BOSTON, MA – February 28, 2017. Union Park Capital, a Boston-based private equity firm focused exclusively on lower middle-market Industrial Technology investments, today announced the acquisition of United Calibration Corporation (“United”) by Industrial Physics, one of Union Park’s portfolio companies. United Calibration will join Testing Machines Inc., CMC-KUHNKE, Messemer Büchel, Ray-Ran Test Equipment and TM Electronics as an independent operating entity under Industrial Physics.
Headquartered in Huntington Beach, California, United has become one of the premier manufacturers of state-of-the-art material testing systems. The Company offers universal testing machines for compression and tensile testing along with hardness testers, material test fixturing, software and related calibration services. United Testing Systems, United’s sales and service arm located in Flint, Michigan, will also become part of Industrial Physics as a result of the transaction.
“United Calibration broadens Industrial Physics already robust portfolio of test and measurement instruments,” said Jim Neville, CEO of Industrial Physics. “United’s universal testing machines and related services add an important core capability to Industrial Physics. United has a successful history of providing high quality instruments and services that have delighted customers for decades. By adding United Calibration, we continue to strengthen our position as a leading provider of material and physical property testing instrumentation,” said Mr. Neville.
“Industrial Physics is a wonderful home for United Calibration and we couldn’t be happier to be joining its family of companies,” says Thomas Settimi, General Manager at United. “The quality and passion that we put into our instrumentation and services have been a cornerstone of our company and we are excited to see that commitment to customers continue under Industrial Physics. In addition, we see the opportunity to enhance United’s growth and capabilities by joining the Industrial Physics family of companies.”
About United Calibration
With over 50 years in business, United Calibration Corporation has become a premier manufacturer of state-of-the-art material testing systems. United currently manufactures a flexible line of material testing equipment to accommodate virtually any material or force testing requirement. United offers universal testing machines for compression and tensile testing, hardness testers, material test fixturing, accessories and software and related calibration services throughout the U.S. and internationally. For more information, visit www.unitedtesting.com.
About Industrial Physics
The companies of Industrial Physics, Inc. manufacture and market materials testing instruments worldwide for measuring physical and analytical properties of plastics, barrier films, paper, pulp, foil, ink, coatings, corrugated materials, cans, medical devices and consumer electronic products. Its market-leading brands include Testing Machines, Inc. (Delaware, USA), Messmer Büchel/Büchel BV (Veenendaal, Netherlands), CMC-KUHNKE (Berlin, Germany), FIBRO System AB (Stockholm, Sweden), Ray-Ran Test Equipment (Warwickshire, United Kingdom), and TM Electronics (Massachusetts, USA). For more information, visit www.industrial-physics.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 scientific instrumentation sector. For more information, visit www.union-park.com.
Headquartered in Huntington Beach, California, United has become one of the premier manufacturers of state-of-the-art material testing systems. The Company offers universal testing machines for compression and tensile testing along with hardness testers, material test fixturing, software and related calibration services. United Testing Systems, United’s sales and service arm located in Flint, Michigan, will also become part of Industrial Physics as a result of the transaction.
“United Calibration broadens Industrial Physics already robust portfolio of test and measurement instruments,” said Jim Neville, CEO of Industrial Physics. “United’s universal testing machines and related services add an important core capability to Industrial Physics. United has a successful history of providing high quality instruments and services that have delighted customers for decades. By adding United Calibration, we continue to strengthen our position as a leading provider of material and physical property testing instrumentation,” said Mr. Neville.
“Industrial Physics is a wonderful home for United Calibration and we couldn’t be happier to be joining its family of companies,” says Thomas Settimi, General Manager at United. “The quality and passion that we put into our instrumentation and services have been a cornerstone of our company and we are excited to see that commitment to customers continue under Industrial Physics. In addition, we see the opportunity to enhance United’s growth and capabilities by joining the Industrial Physics family of companies.”
About United Calibration
With over 50 years in business, United Calibration Corporation has become a premier manufacturer of state-of-the-art material testing systems. United currently manufactures a flexible line of material testing equipment to accommodate virtually any material or force testing requirement. United offers universal testing machines for compression and tensile testing, hardness testers, material test fixturing, accessories and software and related calibration services throughout the U.S. and internationally. For more information, visit www.unitedtesting.com.
About Industrial Physics
The companies of Industrial Physics, Inc. manufacture and market materials testing instruments worldwide for measuring physical and analytical properties of plastics, barrier films, paper, pulp, foil, ink, coatings, corrugated materials, cans, medical devices and consumer electronic products. Its market-leading brands include Testing Machines, Inc. (Delaware, USA), Messmer Büchel/Büchel BV (Veenendaal, Netherlands), CMC-KUHNKE (Berlin, Germany), FIBRO System AB (Stockholm, Sweden), Ray-Ran Test Equipment (Warwickshire, United Kingdom), and TM Electronics (Massachusetts, USA). For more information, visit www.industrial-physics.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 scientific instrumentation sector. For more information, visit www.union-park.com.