Sept. 25, 2007: PNC Equity Partners Acquires Bacharach
The acquisition of Bacharach, a leader in the gas detection equipment market, includes its affiliate, Bacharach of Canada Inc. Headquartered in New Kensington, Pa., northeast of Pittsburgh, Bacharach manufactures instruments that detect, measure, and record combustion and environmental gases, temperature, relative humidity, air velocity, and other air quality and safety parameters.
LSO is a regional delivery company headquartered in Austin, Texas. LSO offers overnight delivery via both air and ground transportation, and serves Louisiana, New Mexico, Texas, Oklahoma, and Mexico.
PNC Equity Partners, II, L.P., is PNC’s second equity fund that had a final close last month at $272 million with 14 institutional and seven individual investors. PNC Equity Partners invests in middle-market companies with enterprise values between $25 million and $125 million and traditionally targets companies that operate in the niche manufacturing, value-added distribution and outsourced service industries.
For more information, visit www.pncequity.com.
Publication date: 09/24/2007