FFL Completes Investment in Bacharach Holding Corp.
Premier Provider of Refrigerant Gas Leak Detection, Measurement and Monitoring Equipment to Pursue Strategic Acquisitions
SAN FRANCISCO – September 19, 2017 — FFL, a private equity firm focused on growth investments in middle market companies, today announced that it completed an investment in Bacharach Holding Corp. (“Bacharach” or “the Company”), a leading global manufacturer of refrigerant gas leak detection and monitoring instruments and combustion and emissions analyzers. Terms of the private transaction were not disclosed.
Headquartered in New Kensington, PA, Bacharach designs and manufactures high-quality gas test and measurement (“T&M”) instrumentation for commercial refrigeration and HVAC equipment, and also develops performance management software for its monitoring products. Founded in 1909, the Company’s T&M products ensure that its global customers – original equipment manufacturers, supermarkets, contractors, building managers, hospitality, military operations, and industrial manufacturing businesses – reduce costs and enhance safety, efficiency and sustainability associated with their refrigeration and combustion systems, and maintain compliance with regulatory standards.
“Our investment in Bacharach follows our strategy of investing in quality businesses in attractive markets where we have expertise and an ability to add value,” said Greg Long, a Partner at FFL Partners. “We believe there are additional opportunities to grow Bacharach through strategic acquisitions and further build upon its robust gas detection, combustion analysis, energy management and data analytic product portfolio.”
Bacharach also operates a software platform under the Parasense brand that aggregates data from sensors and detection products, helping customers reduce equipment downtime, product loss, and energy and maintenance expense. In addition, the Company provides its customers with onsite maintenance and support services.
“We’re excited to team up with FFL Partners, a firm with strong operational expertise and deep experience growing market-leading businesses,” said Doug Keeports, President and CEO of Bacharach. “We look forward to pursuing strategic opportunities that increase our global footprint in the fixed and portable gas detection instrumentation markets.”
“Bacharach is a market leading business with strong brand recognition that’s poised for further growth,” said Martin Carter, Operating Partner at FFL Partners. “Doug and the Bacharach team continue to excel at developing advanced refrigerant gas leak detection, combustion analyzers, and sensing and remote monitoring equipment for the Company’s worldwide blue chip customer base.”
About FFL Partners
FFL Partners is a San Francisco-based private equity firm with over $4.5 billion under management. For over fifteen years, the firm has helped build industry-leading companies, providing capital and advice to exceptional management teams to grow businesses and unlock value. FFL has deep experience in investing and operations, and has brought large-company best practices and professional networks to smaller companies. Business growth has provided over 75% of the value created by FFL for its investors. FFL invests in consumer products and services, industrial products and services, financial services, healthcare services, and business services. For additional information about FFL, please visit FFL’s website at www.fflpartners.com.
About Bacharach
Bacharach products make the heating, ventilation, air-conditioning and refrigeration industries safer, cleaner, and more energy efficient. Operating for over 100 years, with headquarters located in New Kensington, PA, and manufacturing and distribution facilities located in Dublin, Ireland, Gloucester, UK, Charlottesville, VA, and Toronto, Canada. Bacharach continues to expand its fixed and portable product portfolio and global market presence to design, deliver and service high quality gas measurement and monitoring solutions to increase productivity, reduce costs, and protect lives and the environment. The company’s core applications are chiller plants, supermarkets & food retail, food and beverage processing, residential and commercial heating and cooling, government HVAC & R, conditioned occupied spaces, refrigerated storage, white goods manufacturing, boilers & generators, industrial appliances, commercial & industrial plants, power generation engines, commercial refrigeration and data rooms. Please visit www.mybacharach.com for additional information.