One Equity Partners Agrees to Acquire TechnipFMC’s Measurement Solutions Business

Rhea-AI Summary

TechnipFMC (NYSE: FTI) to sell its Measurement Solutions business to One Equity Partners, a move expected to drive growth in the infrastructure industry. The Business offers a wide range of metering products and digital solutions for materials transfer through interconnected infrastructure. With a strong client base and global presence, the Business is poised for expansion and diversification through strategic acquisitions and organic growth.

Positive

• Acquisition of TechnipFMC's Measurement Solutions business by One Equity Partners expected to drive growth in the infrastructure industry
• The Business offers a broad range of metering products and digital solutions for materials transfer through interconnected infrastructure
• Strong client base and global presence provide opportunities for expansion and diversification through strategic acquisitions and organic growth

Negative

• None.

Business Poised for Growth as Infrastructure Needs Expand

NEW YORK--(BUSINESS WIRE)-- One Equity Partners (“OEP”), a middle market private equity firm, today announced that it has signed an agreement to acquire TechnipFMC’s Measurement Solutions business (“the Business”), a leading provider of liquid meters, integrated load management metering systems and related digital solutions involved in materials transfer through infrastructure, from TechnipFMC (NYSE: FTI).

The Business offers a broad range of metering products including positive displacement, turbine, ultrasonic and Coriolis meters used in custody transfer applications. It also offers packaged flow measurement and fully automated systems as well as digital solutions related to capturing physical material and fiscal data from within interconnected infrastructure.

The Business encompasses three units: Metering Products; Metering Systems; and Terminal Management, and it services a longstanding blue-chip client base with customers across North America, Europe and beyond. The Business employs approximately 450 people and operates six facilities, including manufacturing locations in Erie, PA, and Ellerbek, Germany.

“The Business is an established global player with exciting growth potential as a standalone company,” said J.B. Cherry, Senior Managing Director at One Equity Partners. “We are thrilled to be partnering with a strong management team and talented employees. One Equity has extensive experience in diversified industrials as well as corporate carve-outs, and we look forward to working with the team to help build the business through organic growth alongside transformational acquisitions, a hallmark of our strategy.”

Upon completion of the transaction, the Business will represent the addition of another corporate carve-out transaction to One Equity’s portfolio. One Equity Partners has completed twenty-one similar transactions across its latest three funds, including eleven which operate in industrial focused end-markets. One Equity has built a reputation as a reliable partner and trusted business steward among corporate sellers seeking to divest their operations.

The transaction is expected to close in the first half of 2024 and is subject to customary closing conditions.

About One Equity Partners
One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 300 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231120708855/en/

Media

Thomas Zadvydas

Stanton

646-502-3538

Tzadvydas@stantonprm.com

Source: One Equity Partners

FAQ

What is the latest acquisition by One Equity Partners?

One Equity Partners has signed an agreement to acquire TechnipFMC's Measurement Solutions business, a leading provider of liquid meters, integrated load management metering systems, and related digital solutions involved in materials transfer through infrastructure.

What are the key products offered by the Business?

The Business offers a broad range of metering products including positive displacement, turbine, ultrasonic, and Coriolis meters used in custody transfer applications, as well as packaged flow measurement and fully automated systems, and digital solutions related to capturing physical material and fiscal data from within interconnected infrastructure.

What is the expected impact of the transaction on the Business?

The transaction is expected to drive growth and diversification opportunities for the Business through strategic acquisitions and organic growth, leveraging its strong client base and global presence.