Houlihan Lokey Advises SensoScientific
Houlihan Lokey is pleased to announce that SensoScientific, Inc., has been acquired by Process Sensing Technologies (PST).
Headquartered in Simi Valley, California, SensoScientific is a leader in remote, IoT-based environmental monitoring and compliance automation solutions for healthcare, life sciences, and other demanding industries. The company’s innovative sensor technology, Cloud connectivity, and suite of industry-leading services create an end-to-end compliance solution that provides precise, dependable, real-time environmental monitoring in highly regulated industries and other mission-critical applications. Ongoing Cloud management and service revenues, driven by the company’s large, entrenched, and growing installed base of sensors, create an attractive, recurring revenue business model. SensoScientific’s firmware technology, SaaS, and value-added services for high-value applications represent a unique value proposition driving strong growth, industry-leading margins, and extremely high customer retention. Significant growth opportunities exist for the company across adjacent markets, including in-transit, food safety, industrial, and government applications.
PST is a leading global provider of gas measurement and real-time monitoring solutions for highly critical applications. It offers a wide range of sensors, instruments, and analyzers for humidity, moisture, oxygen, and trace gases. The company serves a broad range of demanding end markets and has a global presence with multiple locations in Europe, Asia, and the Americas. PST has been consistently growing its international footprint and product range with solutions that directly improve the profitability of its customers through increased energy efficiency and that enable compliance with stringent industry regulations.
Houlihan Lokey served as exclusive financial advisor to SensoScientific and assisted in initiating, structuring, and negotiating the transaction on its behalf. This transaction highlights Houlihan Lokey’s expertise and continued success in advising innovative, market-leading Industrial Technology businesses.
RELATED: Industrials, Industrial Technology, Mergers & Acquisitions