Rochester Gauges, LLC (“Rochester”), a portfolio company of Renovo Capital, announced that it has acquired the assets of Concept Technology (“CTI”). The acquisition of CTI is part of a multi-year strategy to expand Rochester’s technical portfolio and footprint within the liquid level measurement segment.
Founded in 1981, CTI (www.concept-technology.us) is a manufacturer of liquid level sensors, switches and other electronic components utilizing capacitive, optical and hall effect sensor technologies. Based in St. Louis, MO, CTI primarily serves OEM customers in the commercial refrigeration market.
Rochester Gauges (www.rochestergauges.com) is a manufacturer of liquid level gauges, switches and sensors for various applications, such as on-road and off-road equipment, residential and commercial propane, fork truck, recreational marine, RV, lawn and garden equipment, power generation and general aviation. Rochester has manufacturing facilities in Dallas, Texas; Mexico City, Mexico; Warwick, UK; Brussels, Belgium with a sales office in Shanghai, China.
EC M&A acted as financial advisor to Rochester Gauges and Renovo on this transaction.