UNION PARK CAPITAL ANNOUNCES INVESTMENT IN SONOMA TECHNOLOGY, INC.
Petaluma, CA – September 29, 2021. Union Park Capital (“Union Park”), a Boston-based private equity firm focused on lower middle-market industrial technology investments, is pleased to announce it has made a majority investment in Sonoma Technology, Inc. (“Sonoma Tech”). Sonoma Tech will serve as the core and initial asset in Union Park’s newly created holding company, Spheros Environmental Group (“Spheros”).
As an expert in air quality and atmospheric sciences, Sonoma Tech provides innovative environmental consulting, software, and monitoring services to a wide variety of end-markets. Since 1982, Sonoma Tech has solved their customers’ challenges in various applications areas by applying technical skills such as designing, installing, and operating emissions monitoring systems for industry or producing accurate air quality forecasts and models to support public health-based decisions. With a focus on innovative technology and customer satisfaction, Sonoma Tech is a leader in the environmental sciences and services market.
“Sonoma Tech Management have done a fantastic job building a business with a great reputation for delivering valuable products and services,” notes Peter McGuire, Partner and Founder at Union Park. “We’re excited to partner with Sonoma Tech and will look to build upon the business’s deep technical knowledge, strong culture of customer service, and existing management capability to embark on the next phase of growth. We are enthused to begin the journey with such a strong foundation and look forward to working with the Sonoma Tech team,” said Peter.
“The Union Park Capital team has extensive experience investing in companies that focus on the environment,” says Clinton MacDonald, President of Sonoma Tech. “The two organizations are deeply aligned, and Union Park is committed to accelerating the growth of our business. Union Park invested in Sonoma Tech because of our experience, employees, and leadership, believing that we have the right team to positively impact the environment on a much larger scale. Union Park is investing capital and resources to drive our growth initiatives forward, and the result will be a wealth of new products and services for our customers and clients.”
Union Park has committed their support to Sonoma Tech’s existing leadership team who will continue in their current roles. “The transaction is in line with the long-term strategy of Sonoma Tech to strategically and sustainably grow the business. Through our partnership with Union Park Capital, we have secured the necessary resources and expertise to expand our product and service capabilities,” notes Lyle Chinkin, CEO of Sonoma Tech. “Our customers will continue to see the same company and people that they have always known, but we will have a greater service capacity and expanded product line to serve their needs – which is critically important to us. We’re excited to begin the next phase together.”
About Sonoma Technology, Inc.
Sonoma Tech was founded in 1982 and is headquartered in Petaluma, California. Sonoma Tech specializes in providing environmental solutions with a particular focus on air quality and meteorology. For more information visit http://www.sonomatech.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 environmental sector. For more information visit www.union-park.com.
As an expert in air quality and atmospheric sciences, Sonoma Tech provides innovative environmental consulting, software, and monitoring services to a wide variety of end-markets. Since 1982, Sonoma Tech has solved their customers’ challenges in various applications areas by applying technical skills such as designing, installing, and operating emissions monitoring systems for industry or producing accurate air quality forecasts and models to support public health-based decisions. With a focus on innovative technology and customer satisfaction, Sonoma Tech is a leader in the environmental sciences and services market.
“Sonoma Tech Management have done a fantastic job building a business with a great reputation for delivering valuable products and services,” notes Peter McGuire, Partner and Founder at Union Park. “We’re excited to partner with Sonoma Tech and will look to build upon the business’s deep technical knowledge, strong culture of customer service, and existing management capability to embark on the next phase of growth. We are enthused to begin the journey with such a strong foundation and look forward to working with the Sonoma Tech team,” said Peter.
“The Union Park Capital team has extensive experience investing in companies that focus on the environment,” says Clinton MacDonald, President of Sonoma Tech. “The two organizations are deeply aligned, and Union Park is committed to accelerating the growth of our business. Union Park invested in Sonoma Tech because of our experience, employees, and leadership, believing that we have the right team to positively impact the environment on a much larger scale. Union Park is investing capital and resources to drive our growth initiatives forward, and the result will be a wealth of new products and services for our customers and clients.”
Union Park has committed their support to Sonoma Tech’s existing leadership team who will continue in their current roles. “The transaction is in line with the long-term strategy of Sonoma Tech to strategically and sustainably grow the business. Through our partnership with Union Park Capital, we have secured the necessary resources and expertise to expand our product and service capabilities,” notes Lyle Chinkin, CEO of Sonoma Tech. “Our customers will continue to see the same company and people that they have always known, but we will have a greater service capacity and expanded product line to serve their needs – which is critically important to us. We’re excited to begin the next phase together.”
About Sonoma Technology, Inc.
Sonoma Tech was founded in 1982 and is headquartered in Petaluma, California. Sonoma Tech specializes in providing environmental solutions with a particular focus on air quality and meteorology. For more information visit http://www.sonomatech.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 environmental sector. For more information visit www.union-park.com.