November 1, 2016
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 (www.aicompanies.com) 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 (www.windjammercapital.com) 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 www.dunnrush.com or contact us at 617-451-0001.
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When I decided to sell my third generation, family business, I had many concerns. I wanted to be represented by an Investment Bank who had a strong reputation in the mergers and acquisition market, knew the market we participated in well enough to target likely interested parties, and who would manage the process of the transaction with various family members with various personal interests.
I had never sold a business before and didn’t realize everything that went into it, or the time involved. One of my best decisions was hiring professionals, Dunn Rush & Co., to guide us through the sale process. Their experience, determination and guidance resulted in a very smooth and efficient transaction. They were especially helpful during the negotiations over price. We achieved optimal results for all constituents: our shareholders, employees and customers.
I have seen the Dunn Rush team perform in several sell-side situations. You want them on your team! Their preparation and attention to detail is impressive. They are also real good people to have by your side during a stressful time. In the case of Bridgeport Fittings, Kevin and Greg introduced us to their Gold Standard of Preparation and we took their advice getting audited financial statements and a Quality of Earnings report. This preparation made the due diligence process go smoothly, helped the firm proactively address issues and greatly improved the due diligence process. The final results exceeded our expectations.