Case Study

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
Exit
Sold to a strategic buyer in January 2012.
Company Highlights
Acquisition Year
2007
Exit Year
2012
Fund
AIPCF IV
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