Arcline-Backed DwyerOmega Acquires Miljoco
Livingstone’s Industrial Technology team is excited to announce its role as financial advisor to Arcline Investment Management (Arcline) in its acquisition of Miljoco Corp. LLC (Miljoco) through its portfolio company, DwyerOmega, a leading provider of sensors and instrumentation solutions worldwide.
Founded in 1979 and based in Mt. Clemens, Michigan, Miljoco is a leading designer, manufacturer, and distributor of a broad range of temperature and pressure measurement instruments utilized in critical life and safety, food safety, commercial indoor environmental quality (IEQ), and industrial applications. Miljoco’s proprietary automated production and near-zero tolerance for failure have resulted in a well-earned reputation for quality, highly customizable products. Miljoco comprises two widely respected brands, Miljoco and Weiss, which date back to the founding of Weiss Instruments over 140 years ago.
Arcline Investment Management is a growth-oriented private equity firm with $8.9 billion in cumulative capital commitments. Arcline seeks to invest in technology-driven, meaningful to-the-world industrial businesses that enable a better future.
Andrew Isgrig, Partner at Livingstone, commented, “We are pleased to have assisted Arcline in its acquisition of Miljoco. The company’s products are a clear fit with DwyerOmega’s portfolio, and the combination will strengthen DwyerOmega’s family of brands.”
“This is another example of Livingstone’s extensive resume in the industrial technology sector and, more specifically, with industrial instrumentation companies,” added David Modiano, Director at Livingstone. This is the third recent instrumentation transaction completed by Livingstone.
