Unity Scientific Acquired by Union Park Capital
For Immediate Release
Brookfield, CT September 1, 2015
Unity Scientific announces that Union Park Capital has acquired the company. Unity Scientific will continue operating under the same Unity brand and from the same manufacturing and technology center in Brookfield, CT. Majority owner Joseph Platano will retire as Chairman of the company, while Doug Evans will continue as President.
“Unity is an exceptionally strong company,” says Morgan Jones, Managing Partner of Union Park and now Chairman of the Board. “We focus entirely on instrumentation businesses serving the unique needs of industry. Over the years we’ve observed thousands of instrumentation companies, and Unity stands out as a sales-led organization, that truly delivers on customer service.” “Unity delivers the personal service to its customers that only a smaller company can, but marries that with the punching-power in its technology innovation to define world class performance. The Unity brand is our foundation. On that foundation we will build a family of companies to serve the customers i
n Unity’s core markets.”
Unity Scientific was formed from the merger of Unity Scientific LLC and Westco Scientific Instruments, Inc. Unity Scientific, LLC has been a leading manufacturer of near infrared
analyzers since 2001, with over 3000 installations worldwide. Its instruments are used for quality control determination in markets su ch as food, dairy, agriculture, chemical and
pharmaceuticals. Westco Scientific Instruments, Inc. has been a major player in the environmental and industrial markets providing automated wet chemistry instrumentation and
sample preparation equipment since 1986. Unity Scientific is one of the largest providers of NIR (near infrared), Automated Wet Chemistry and Sample Preparation instrumentation in the analytical instrumentation market.
Union Park Capital is a private equity investment firm based in Boston MA that focusses on long-term acquisition and growth strategies for scientific instrument companies. Union Park Capital has an extensive and successful track record of acquiring and building instrument companies through a combination of organic growth and strategic add-on acquisitions.
Doug Evans, president of Unity Scientific states, "We are truly excited and look forward to a new and bright future for Unity and our customers. The Unity brand remains unchanged and stronger than ever. We have a great technical and manufacturing team for new and market-leading products, the most experienced field technical support and service team in our industry, and aconcerned and dedicated sales staff.” Evans continued, “Unity has always focused on creating value for our customers. With new investment and renewed energy, we will be able to take the next generation of advanced and high quality products to the market to make our customers extremely satisfied with our products and services. We are inclusive in strategy and work with the entire food and agricultural market with the best solutions at the optimal price. Union Park is providing us with highly motivated and
professional leader ship to move us ahead toward prospering together with our customers."
Jerry Workman (Executive Vice President of Research and Engineering) added, "Unity will now move more rapidly toward our long-term goals of designing and building the highest performing products in the market, with superb quality in materials and manufacturing, at a reasonable price to our customers. This is accomplished by selection of the finest components, manufacturing processes, and design criteria in our industry."
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Union Park Capital is a private equity firm solely focused on lower middle-market Industrial Technology companies. Union Park takes a long term perspective to help stakeholders build value over time, and drives value creation through profitably growing a business, not financial engineering. Union Park Capital is based in Boston, MA USA and has extensive investments and expertise in the scientific instrument sector.
Unity Scientific is a global leader in the manufacturing and sales of Near Infrared instrumentation and Wet Chemistry analyzers. Over 3,000 NIR spectrometers have been installed worldwide along with over 6,000 wet chemistry analyzers. The corporate headquarters including engineering and production are located in Brookfield, CT USA (one hour from New York City). The European headquarters is located in Weiler bei Bingen outside Frankfurt, Germany.