Funds advised by SK Capital Partners (SK Capital), a private investment firm focused on the specialty materials, ingredients, and life sciences sectors, have acquired Physical Properties Testers Group (PPT) from Battery Ventures (Battery).
PPT Group, headquartered in Halifax, United Kingdom, is a global leader in physical property test and measurement solutions. Built through strategic acquisitions, PPT specialises in the design, production, and service of testing instruments that ensure the physical integrity and quality of raw materials, components and finished products.
Through its four core brands – James Heal, Mecmesin, Alluris, and Lansmont – the company offers an extensive portfolio of testing solutions focused on torque, tensile strength, abrasion & piling, compression and adhesion properties.
The Company maintains a blue-chip, global customer base across the aerospace and defence, medical & pharma, electronics, transportation, textiles, and engineered materials end markets. PPT Group employs more than 280 individuals and operates manufacturing and sales offices in the UK, Europe, North America, and Asia.
As part of the acquisition, Jim Neville, former CEO of Industrial Physics, will join as Global CEO. Neil Pryke will continue to lead the UK, European, and Chinese operations as Managing Director of PPT Group.
Goodwin Procter LLP acted as legal counsel to SK Capital. EC M&A served as the financial advisor to SK Capital. Debt financing was provided by Bain Capital’s Private Credit Group.
