Houlihan Lokey Advises Bacharach (2)

Houlihan Lokey is pleased to announce that Bacharach, Inc., a portfolio company of FFL Partners, has been acquired by MSA Safety Incorporated (NYSE:MSA) in a transaction valued at $337 million.

Bacharach is a provider of cleantech solutions for gas and refrigerant leak detection and identification, refrigerant tracking, combustion and emissions analysis instrumentation, and high-purity oxygen gas analysis in commercial and industrial applications. Bacharach products make the heating, ventilation, air conditioning, refrigeration (HVAC-R), and process industries safer, cleaner, and more energy efficient, enabling customers to increase productivity, reduce costs, and protect lives and the environment.

FFL was formed in 1997 to invest in middle-market companies where the firm’s substantial strategic and operating expertise can help management accelerate growth and build better businesses. FFL’s capital comes largely from U.S. and international institutions: public and private pension funds, endowments, foundations, and financial institutions. FFL has invested prudently for over 20 years, partnering with strong management teams and other investors to establish a leading track record in middle-market private equity investing.

Established in 1914, MSA Safety Inc. is the global leader in the development, manufacture, and supply of safety products that protect people and facility infrastructures. Many MSA products integrate a combination of electronics, mechanical systems, and advanced materials to protect users against hazardous or life-threatening situations. The company's comprehensive product line is used by workers around the world in a broad range of markets, including the oil, gas, and petrochemical industry, the fire service, the construction industry, mining, and the military. MSA's core products include self-contained breathing apparatus, fixed gas and flame detection systems, portable gas detection instruments, industrial head protection products, firefighter helmets and protective apparel, and fall protection devices. With 2020 revenues of $1.35 billion, MSA employs approximately 5,000 people worldwide. The company is headquartered north of Pittsburgh in Cranberry Township, Pennsylvania, and has manufacturing operations in the United States, Europe, Asia, and Latin America. With more than 40 international locations, MSA realizes approximately half of its revenue from outside North America.

Houlihan Lokey served as the exclusive sellside financial advisor to Bacharach and assisted in initiating and negotiating the transaction on its behalf. This transaction highlights the team’s expertise and continued success advising companies in the industrial technology sector.