Houlihan Lokey Advises Dickson

Houlihan Lokey is pleased to announce that Dickson, a portfolio company of May River Capital, has been acquired by Copeland.

Founded in 1923 and headquartered in Addison, Illinois, Dickson is a global leader in environmental monitoring solutions for highly regulated life sciences industries, including pharmaceuticals, health services, medical devices, and other compliance-driven markets. The company’s innovative portfolio of IoT devices, monitoring software, and comprehensive services enables mission-critical compliance for applications with stringent regulations and a high cost of failure. Built on a proprietary hardware platform, Dickson generates strong recurring revenues and exceptional revenue retention with its contractual software, probe recalibration cycles, and deep compliance expertise.

May River Capital is a Chicago-based private equity firm focused on partnering with lower-middle-market industrial companies. May River Capital invests in high-quality industrial growth businesses, including precision manufacturing, engineered products and instrumentation, specialized industrial services, and value-added industrial distribution services.

Copeland is a global leader in compression technologies and controls solutions, with more than 200 million installations worldwide. Copeland delivers reliability and innovation across heating, ventilation, and air conditioning (HVAC), cold chain, and industrial applications. With more than 100 years of expertise and approximately 18,000 colleagues in 40+ countries, Copeland is advancing the energy and refrigerants transitions while safeguarding high-value, perishable products—partnering with its customers at a global scale to help them achieve greater efficiency and sustainability.

Houlihan Lokey served as lead financial advisor to Dickson and assisted in initiating, structuring, and negotiating the transaction on its behalf. This transaction demonstrates Houlihan Lokey’s expertise and continued success in advising innovative, market-leading industrial technology businesses.

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