SFW Capital Partners, a New York-based private equity firm focused on the industrial and life sciences technology sectors, has sold US materials science producer Micromeritics Instrument Corporation to Spectris for $630m.
The sale includes deferred consideration of up to $53m based on agreed financial performance metrics in 2024 and 2025.
Micromeritics, headquartered in Norcross, GA, provides analytical instrumentation for particle and material characterisation, specialising in the measurement of surface area, porosity, density and chemical activity.
SFW acquired Micromeritics in 2019 from its founders, putting in place new leadership while developing and expanding the focus of the business to include clean technology markets, including battery technology, hydrogen and carbon capture, as well as providing greater support to customers in the industrial technology and materials science markets.
Ahmad Sheikh, Partner at SFW, commented: “Our partnership with Terry Kelly, Micromeritics CEO, and the world class executive leadership team at Micromeritics enabled the business to successfully execute on a strategic growth plan. When we acquired the company, the business had market-leading technology and deep customer relationships, and the team was able to build on that strong foundation to achieve industry-leading growth and profitability. We are confident that the business is positioned for continued growth and development well into the future.”
