Rochester Gauges, LLC, a portfolio company of Renovo Capital, has completed the acquisition of FPI Sensors. The acquisition of FPI Sensors further expands Rochester’s market share in the liquid level sensor space. Since the acquisition by Renovo, Rochester continues to build on its legacy of providing quality product and industry-leading customer service in addition to growing through development of leading-edge technologies and additional acquisitions in the liquid level measurement space.
Founded in 1997, Eagan, Minneapolis-based FPI is a manufacturer of sensors that measure liquid levels. The company has a strong reputation of being a very customer-centric organization that designs and manufactures high-quality products that fit the needs of each customer.
Rochester Gauges is a manufacturer of gauges and sensors that measure liquid levels of various fuels, including propane, gasoline and diesel for various applications, such as residential and commercial propane tanks, forklifts, RV’s, lawn and garden equipment, tractors and personal aircraft. Rochester has manufacturing facilities in Dallas, Texas; Mexico City, Mexico; Brussels, Belgium with a sales office in Shanghai, China.
FPI Sensors is a manufacturer of float level switches and liquid level sensors primarily utilizing reed switch technology. Based in Eagan, MN, FPI serves customers utilizing many different end use applications including oil and water separators, wastewater treatment, fuel tanks, marine application, chemical processing and heavy construction equipment.
EC M&A acted as financial advisor to Rochester Gauges and Renovo on this transaction.