Vance Street Capital LLC, a Los Angeles-based private equity firm, acquired Measurand Group, a Fredericton, New Brunswick-based designer and manufacturer of geotechnical instrumentation used to monitor the deformation of soil and structures.
The terms of the transaction were not disclosed.
Founded in 1993 and led by Lee Danisch and led by Jeff Barrett, President, Measurand designs, engineers and manufactures geotechnical sensor instrumentation, most notably its patented 3D ShapeArray product suite, which monitors the deformation of soil and structures using 3D shape-sensing technology. Its flagship ShapeArray products are used in the monitoring of critical assets such as mines, tailings ponds, bridges, tunnels, geohazards, dams and levees.
The acquisition of Measurand will complement Vance Street’s investment in R.S.T. Instruments, another geotechnical instrumentation provider.
The two companies have served over 1,500 global customers through professionals based in Vancouver, Fredericton, Denver, San Francisco, Stowmarket (UK) and Hong Kong.
Debt financing for the transaction was provided by the BMO Canadian Sponsor Coverage group.