Fowler High Precision, Inc. (“Fowler”) announced it has been recapitalized by Pfingsten Partners, LLC. (“Pfingsten”). Fowler is a specialty manufacturer and distributor of dimensional metrology tools, highly engineered systems, and calibration services. Pfingsten is an operationally oriented private equity firm with global resources. This transaction is the successful culmination of an initiative led by Bigelow LLC.
Founded in 1946, Fowler (www.fowlerprecision.com) provides dimensional metrology solutions with best-in-class products, repair, and calibration services to a national customer base in the aerospace, medical, automotive, and general industrial markets. The company leverages its industry leading selection and product knowledge and service capabilities to help ensure quality, accuracy, and consistency of measurement for its customers. Fowler is headquartered in Canton, MA with an additional calibration facility in Valencia, CA.
“We are thrilled to partner with Pfingsten and take Fowler to the next level. Pfingsten’s operational and international capabilities, along with a strong cultural fit, will enable our business to rapidly scale and better serve our customers in the coming years.” David Francis, Chief Executive Officer Fowler High Precision, Inc.
Founded in 1989, Pfingsten (www.pfingsten.com) is a Chicago, IL-based private equity firm with representative offices in China and India. The firm builds better businesses through strategic initiatives, professional management practices, global capabilities, and profitable business growth. Pfingsten has been successful at propelling growth through a conservative capital structure in their portfolio companies.
“Fowler provides tremendous value to its customers through its product expertise and highly consultative approach to solving customer needs. We look forward to supporting the company’s continued growth through investments in new product development, geographic expansion and add-on acquisitions.” Phillip Bronsteatter, Managing Director Pfingsten Partners, LLC
Originally established in 1935, Bigelow LLC is widely known as the M+A Advisory Boutique that deals exclusively with private Entrepreneur Owner-Managers. Bigelow has a reputation for having a unique understanding of the special requirements of the owner-managed, entrepreneurial operating company in building and ultimately capturing Enterprise Value.