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FFL completes investment in Bacharach Holding Corp

FFL, a private equity firm focused on growth investments in middle market companies, has completed an investment in Bacharach Holding Corp, a manufacturer of refrigerant gas leak detection and monitoring instruments and combustion and emissions analysers.

Terms of the private transaction have not been disclosed.
 
Bacharach designs and manufactures gas test and measurement (T&M) instrumentation for commercial refrigeration and HVAC equipment, and also develops performance management software for its monitoring products. Founded in 1909, the company’s T&M products are aimed at helping customers – original equipment manufacturers, supermarkets, contractors, building managers, hospitality, military operations, and industrial manufacturing businesses – reduce costs and enhance safety, efficiency and sustainability associated with their refrigeration and combustion systems, and maintain compliance with regulatory standards.
 
“Our investment in Bacharach follows our strategy of investing in quality businesses in attractive markets where we have expertise and an ability to add value,” says Greg Long, a Partner at FFL Partners. “We believe there are additional opportunities to grow Bacharach through strategic acquisitions and further build upon its robust gas detection, combustion analysis, energy management and data analytic product portfolio.”
 
Bacharach also operates a software platform under the Parasense brand that aggregates data from sensors and detection products, helping customers reduce equipment downtime, product loss, and energy and maintenance expense. In addition, the Company provides its customers with onsite maintenance and support services.
 
“We’re excited to team up with FFL Partners, a firm with strong operational expertise and deep experience growing market-leading businesses,” says Doug Keeports, President and CEO of Bacharach. “We look forward to pursuing strategic opportunities that increase our global footprint in the fixed and portable gas detection instrumentation markets.”
 
“Bacharach is a market leading business with strong brand recognition that’s poised for further growth,” says Martin Carter, Operating Partner at FFL Partners. “Doug and the Bacharach team continue to excel at developing advanced refrigerant gas leak detection, combustion analyzers, and sensing and remote monitoring equipment for the Company’s worldwide blue chip customer base.”

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