AquaPhoenix Scientific LLC, a manufacturing company focused on water testing kits and a portfolio company of Incline Equity Partners, has purchased Chemetrics Inc., a manufacturer of water analysis test kits and instrumentation using self-filling reagent ampoules for efficiency and safety.
Chemetrics has served the industrial water, petroleum refining, chemical process, food and beverage, power generation and other water treatment industries since 1969. The acquisition of Chemetrics marks a step in AquaPhoenix’s growth strategy of acquiring businesses aligned with its core competencies to help the company best service its customers.
“We have been a distributor of the CHEMetrics line of test kits for nearly two decades,” says Frank Lecrone, CEO of AquaPhoenix. “Adding their team’s knowledge and industry-leading products to the AquaPhoenix family will give our customers even more options for effective water management.”
The McLean Group served as financial advisors. Twin Brook served as administrative agent on debt financing for this transaction.