November 1, 2016

Transaction Announcement

BOSTON, MA -- Dunn Rush & Co. LLC is pleased to announce the recent closing of the sale of Advanced Instruments, LLC (“Advanced Instruments”) to Windjammer Capital Investors (“Windjammer”).  Dunn Rush & Co. served as financial advisor to Advanced Instruments in the transaction.  


Advanced Instruments ( is a leading designer, manufacturer and marketer of laboratory test equipment and related consumables for use in clinical, food and dairy, microbiology, pharmaceutical and biotech markets.  With an array of technical competencies, including being the world’s foremost authority on the application of Freezing Point Depression technology for measuring the osmolality of solutions, AI serves thousands of end users in over 90 countries under the Advanced Instruments, Fiske and Mart Microbiology brands.​ Advanced Instruments was founded in 1955 and is based in Norwood, Massachusetts.


Windjammer ( is a private investment firm that makes control and non-control investments in leading middle market businesses in partnership with management.  Windjammer's institutional funds total roughly $2.0 billion of committed capital. Since its formation, Windjammer has invested $1.5 billion in over 50 companies across a broad range of industries.  Advanced Instruments is the sixth platform investment in Windjammer's $726 million Windjammer Senior Equity Fund IV, which closed in March of 2013. Windjammer was founded in 1990 and has offices in Newport Beach, California and Waltham, Massachusetts.


Dunn Rush & Co. LLC was founded in 2009 to provide high quality merger and acquisition advisory services to middle market companies valued between $20 million and $250 million. Dunn Rush & Co. LLC has significant expertise in the following industry sectors: Business Services; Consumer; Defense & Security; Healthy Living; Instrumentation; Manufacturing & Distribution; Medical Technology & Services; and Technology, Software & Data Services. The Firm is a registered Broker-Dealer and is headquartered at 225 Franklin Street, Boston MA 02110. For further information, please visit our website at or contact us at 617-451-0001.

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