MICHIGAN CITY, Ind. — Arcline Investment Management announced that it has acquired a controlling stake in Dwyer Instruments from the Clark family and management.
“The Clark family and the Dwyer team have built a strong brand with market-leading sensor and instrumentation solutions for process automation markets,” said Arcline. “We believe the company’s differentiated products position it well to serve the growing trend toward greater process automation, connected devices, and improved indoor air quality and energy efficiency. We are excited to partner with management to steward the business in its next phase of growth.”
“From early in the process, it was clear that Arcline understood our business and would be a tremendous fit to carry on the Dwyer legacy,” said Steve Clark, chairman of Dwyer. “I could not be happier with the outcome and look forward to following the growth of the business in the future.”
William Blair & Company L.L.C. served as financial advisor and Seyfarth Shaw LLP served as legal advisor to Dwyer.