KKR has signed a definitive agreement to acquire Industrial Physics, a manufacturer of testing and measurement instruments, from Union Park Capital.
Headquartered in New Castle, Del., Industrial Physics is a global provider of technical testing and inspection equipment used by customers across food and beverage, packaging and other markets. The company’s products are used to test, measure, inspect and validate the quality of products and samples. KKR plans to support the company in its growth organically and through add-on acquisitions.
“We look forward to working with the Industrial Physics team and helping the company reach new heights through organic growth and M&A,” says Brandon Brahm, partner at KKR and co-head of KKR’s ascendant strategy.
Dechert served as legal counsel to KKR.