Arcline Investment Management, a private equity firm, has acquired a controlling stake in Dwyer Instruments from the Clark family and management.
Steve Clark, chairman of Dwyer, said, “From early in the process, it was clear that Arcline understood our business and would be a tremendous fit to carry on the Dwyer legacy. I could not be happier with the outcome and look forward to following the growth of the business in the future.”
“The Clark family and the Dwyer team have built a strong brand with market-leading sensor and instrumentation solutions for process automation markets. We believe the company’s differentiated products position it well to serve the growing trend toward greater process automation, connected devices and improved indoor air quality and energy efficiency. We are excited to partner with management to steward the business in its next phase of growth,” a representative from Arcline said in a press release.
According to the company, Dwyer Instruments holds 93 active and pending patents. It serves more than 20,000 active OEM, distribution and end-user customers through its offices in the United States, United Kingdom, Hong Kong, Australia and Singapore.
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