Dynisco sold to Roper Industries
Investment firm Roper Industries Inc. has acquired Franklin, Mass.-based pressure and temperature measurement and c...
Investment firm Roper Industries Inc. has acquired Franklin, Mass.-based pressure and temperature measurement and control products manufacturer Dynisco LLC from Audax Group for US$243 million.
“[Dynisco] will be a growth driver that fits nicely with our sensor technologies and measurement businesses,” Brian Jellison, chairman, president and CEO of Roper, said. “We expect 2007 EBITDA to exceed US428 million on sales in excess of US$100 million.”
Dynisco will become part of Roper’s Energy Systems & Controls segment, Roper said. Larry Klumpp, president of Dynisco, and his management team will continue to lead the business.
“Joining Roper is a great step forward in the continuing development of Dynisco,” Klumpp said. “With the focus on high-growth, niche-oriented businesses, Roper is in an ideal position to help us further strengthen our business.”
Based in Duluth, Ga., Roper Industries Inc. reported 2006 revenues of US$1.5 billion.