Precisional Completes Acquisition of Four Industrial Technology Businesses from Trimble
NEW YORK, May 9, 2022 /PRNewswire/ — Accuracy, a subsidiary of The Jordan Company (“TJC”), today announced that it has completed the previously announced transaction to acquire four industrial technology businesses from Trimble (NASDAQ: TRMB). Acquired businesses include Protempis (formerly Trimble Time and Frequency), LOADRITE, Spectra Precision Tools and SECO. Financial terms were not disclosed.
TJC, a private equity firm, established Precisional LLC, (“Precisional”), as a global platform focused on precision data and measurement solutions driving efficiency in the most demanding infrastructure end markets. more demanding. “The Trimble companies that have joined Precisional have a long history of innovation, and each is a leader in the markets they serve. “I am excited to build on this strong foundation alongside the dedicated employees who have served their customers. over the years. Additionally, we plan to accelerate the pace of innovation and growth by focusing resources and investments on these core businesses supported by TJC,” said Drew LadauCEO of Precisional.
“Precisional’s acquisition of four industrial technology businesses from Trimble provides the foundation for a new platform focused on precise measurement and analytical information to improve productivity in a wide range of applications that rely on precision and reliability,” said Erik Fagan, partner at TJC. “By helping existing management invest in Precisional’s operations and product development to integrate precision measurement with data solutions and enhanced connectivity, we intend to accelerate growth opportunities while pursuing synergistic acquisitions.”
the Protempos Commercial products use the precision of GNSS clocks to provide accurate time, timing, and frequency reference signals for many industries and applications. Communications systems, data centers, financial networks, utilities, factory automation, security, and other infrastructure rely on precise timing for synchronization and operational efficiency.
the Spectra Accuracy Tools designs and manufactures high quality leveling, positioning and alignment instruments used for general, exterior and underground construction. The instruments integrate laser and optical technology for general and specialty contractors serving large and small commercial job sites as well as residential builders and remodelers.
the LOADRITE offers accurate scales for loaders, excavators, conveyor belts, tractors, dumpsters and forklifts that connect to payload reporting and monitoring systems for the waste, quarry and aggregate industry. The products improve user efficiency by weighing products while they are on a vehicle or conveyor belt, eliminating the need for a separate trip to a fixed scale location.
the SECO designs and manufactures a wide variety of accessory products used in conjunction with surveying and construction instruments. The accessory product portfolio includes tripods, telescopic poles, prisms, carrying cases, GPS antenna poles, safety vests and leveling staffs.
About Jordan Company
The Jordan Company, founded in 1982, is a middle-market private equity firm that manages funds with initial capital commitments exceeding $19 billion with a 40-year track record of investing and helping to grow many businesses across a wide range of industries, including diversified industries; Technology, Telecom & Utility; Logistics and Supply Chain and Consumer Goods and Healthcare. The senior investment team has been investing together for over 20 years and is supported by the operations management group, which was established in 1988 to initiate and support operational improvements in portfolio companies. TJC has offices in New York, Chicago and Stamford. For more information visit: www.thejordancompany.com.
About Precisional LLC
Precisional LLC is a global platform focused on precision measurement and software/data solutions to improve efficiency in the most demanding infrastructure end markets. The Precisional family of companies is comprised of industrial hardware, instrumentation and differentiated software/services companies used to improve productivity in applications that rely on precision and reliability in the measurement of time, weight, distance or other critical parameters. For more information visit: www.precisional.com.
Kristin A. Custar
SOURCE The Jordan Company, LP