Company Overview

Brooks Instrument, LLC is a leading global provider of low flow measurement sensors, controllers, meters, and related products to a worldwide customer base in a variety of attractive end markets including chemical, pharmaceutical, LED, semiconductor, and fluid optics.

Partnership Overview

Acquisition Dynamic / AIP Differentiation

  • Complex carve out from Emerson Electric Company
  • Ability to address IP sharing issues
  • New product development and technology insights

Investment Rationale

  • Market leadership
  • Deep application engineering expertise
  • Proprietary global distribution with installed customer base
  • Favorable industry dynamics
  • High gross margins and return on capital characteristics

Value Creation Accomplishments

  • Executed two add-ons which significantly diversified the company’s product offerings, created scale advantages, and helped to establish a cost leadership position in the industry
  • Expanded addressable market through introduction of product line extensions and next generation products
  • Consolidated Allen, TX manufacturing facility into Hatfield, PA resulting in an annualized savings in excess of $8 million
  • Deepened penetration with existing customers, expanded into synergistic adjacent markets, and secured leading market share in a diversified set of end markets
  • Implemented centralized strategic procurement function to lower material costs
  • Increased revenue and EBITDA by over $100 million and over $25 million, respectively

Exit

Sold to a strategic buyer in January 2012.

Company Highlights

Website

www.brooksinstrument.com

Sector

Test & Measurement

Headquarters

Hatfield, PA

Acquisition Year

2007

Exit Year

2012

Fund

AIPCF IV

Disclaimer: Please note, the above case study does not represent all of the types of investments AIP, LLC has made or the outcomes it has achieved during its lifetime. Each investor must consider whether private equity investments are suitable for their specific goals. Past performance is not indicative of future results. A comprehensive list of all investments along with Portfolio Company information and investment fund performance is available to qualified prospective investors who may be considering an investment in a fund advised by AIP, LLC.