Arcline Investment Management (“Arcline”) announced that it has acquired Omega Engineering Inc. (“Omega Engineering”) from Spectris plc (“Spectris”) for $525 million, representing approximately 20.4x Omega’s 2021 Adjusted EBITDA. Omega is a leading provider of sensing, control and monitoring technologies and will be joining the Dwyer Group of companies (“Dwyer”), an Arcline portfolio company.
Founded in 1962, Omega Engineering offers more than 100,000 state-of-the-art products for measurement and control of temperature, humidity, pressure, strain, force, flow, level, pH, and conductivity. Omega also offers a complete line of data acquisition, heating, and custom-engineered products. Omega’s business is fully integrated, with in-house design and engineering, manufacturing, and distribution capabilities facilitating made-to-order products at attractive lead times, positioning the Company as a technology partner of choice to process engineers worldwide. Omega Engineering is headquartered in Norwalk, CT.
Arcline Investment Management is a growth-oriented private equity firm with $4.4 billion in cumulative capital commitments. Arcline seeks to invest in technology-driven, meaningful to the world industrial businesses that enable a better future.
EC M&A acted as financial advisor to Arcline on this transaction