CHELMSFORD, MA – October 2, 2013 – Spectro Inc., a leading Chelmsford, Mass.-based developer and manufacturer of analytical tools and software for the industrial performance fluids market, today announced it has purchased Wilks Enterprise, Inc. for an undisclosed sum. Wilks, based in Norwalk, Conn. and established in 1995, specializes in the development and manufacture of mid-infrared (mid-IR) application specific analyzers that are used for biofuel, petrochemical, environmental, quality control, manufacturing and ambient air monitoring measurement.
“We are excited to have Wilks Enterprise become part of Spectro Inc. as we continue to build a global leadership position in the industrial fluids analysis market,” commented Brian Mitchell, president and CEO of Spectro Inc. “Wilks has built an excellent position and reputation in its core markets with portable, rugged and easy to operate instruments. Combining this with Spectro’s extended resources and channel reach gives us optimism in projecting significant future growth from the Wilks platform.”
“Both Spectro and Wilks have excellent synergy between their product lines, industries served, and the shared goal of providing rugged, easy-to-use analyzers. We are excited by the prospect of additional resources that will help bring new products and applications to market,” said Sandra Wilks Rintoul, president of Wilks Enterprise, Inc.
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About Spectro Inc.
Spectro specializes in analytical instrumentation and software for industrial performance fluids analysis. It is one of the largest worldwide suppliers of oil and fuel analysis instruments to industry and the military worldwide. Industry clients include petrochemical, mining, power generation companies as well as commercial testing laboratories. Spectro’s extensive product offerings include spectrometers for wear metal analysis, lubricant degradation and contamination analyzers, particle analysis instruments and complete turnkey systems for oil or fuel analysis laboratories, all managed by its SpectroTrack software platform. For more information, please visit www.spectroinc.com.
Spectro Inc. is an investment of SFW Capital Partners (www.sfwcap.com), the leading investor in analytical tools and related services companies. SFW is a specialized private equity firm that exclusively invests in analytical tools and related services businesses, where its 20+ years of knowledge of the relevant business models, technology, competitive dynamics and service requirements gives it confidence in its ability to support management teams in growing their companies and building value.
About Wilks Enterprise Inc.
Wilks Enterprise, Inc., founded in 1995, specializes in the development and manufacture of application specific mid-infrared (mid-IR) analytical instrumentation – both for qualitative and quantitative measurements. The focus at Wilks has always been to provide instruments that can be used where the analysis is needed and that are easy enough for non-technical personnel, whether at a remote location, along a production line or in a testing laboratory. Wilks (www.WilksIR.com) is headquartered in Norwalk, Connecticut, maintains a regional office in Boulder Creek, California and a worldwide network of representatives and distributors.
BCMS Capital Advisors LLC (www.bcmscorp.com) acted as the exclusive financial advisor to Wilks Enterprise on this transaction.