KKR acquires Industrial Physics
Industrial Physics has announced its acquisition by investment funds managed by KKR from Union Park Capital (UPC).
“At Industrial Physics, we are excited to work with KKR as we enter this new phase of our growth.
“KKR supports our employee-first culture and shares our vision for building a scaled testing and measurement platform that continually invests in growth and innovation to even better serve the needs of customers around the world,” said Jim Neville, CEO of Industrial Physics.
Brandon Brahm, partner at KKR and co-head of KKR’s ascendant strategy commented: “Testing and measurement is an attractive market that is poised to continue growing as focus on product quality and supply chain transparency intensifies. We are thrilled to invest in Industrial Physics, a leader in this space, that has built an impressive portfolio of brands used by many of the world’s leading manufacturers.
“We look forward to working with the Industrial Physics team and helping the company reach new heights through organic growth and M&A.”
Following the close of the transaction, Industrial Physics also plans to implement KKR’s broad-based employee ownership programme to support employee engagement, which will make all employees owners of the company alongside investment funds managed by KKR.