June 24, 2019 (Dallas, Texas) – Rochester Gauges, LLC is pleased to announce the acquisition of FPI Sensors. The acquisition of FPI Sensors further expands Rochester’s market share in the liquid level sensor space. Since the acquisition by Renovo, Rochester continues to build on its legacy of providing quality product and industry-leading customer service in addition to growing through development of leading-edge technologies and additional acquisitions in the liquid level measurement space.
Founded in 1997, Eagan, Minneapolis-based FPI is a manufacturer of sensors that measure liquid levels. The company has a strong reputation of being a very customer-centric organization that designs and manufacturers high-quality products that fit the needs of each customer.
Ben Lease, President at Rochester Gauges commented, “We are excited about the acquisition of FPI as it provides us with additional product offering for our current customers as well as allows FPI’s existing customer base to leverage our extensive resources in liquid level measurement, including additional products and deep design and engineering resources. We look forward to continuing to serve the FPI customer base with high quality product.”
About FPI Sensors
FPI Sensors is a manufacturer of float level switches and liquid level sensors primarily utilizing reed switch technology. Based in Eagan, MN, FPI serves customers utilizing many different end use applications including oil and water separators, wastewater treatment, fuel tanks, marine application, chemical processing and heavy construction equipment.
About Rochester Gauges
Rochester Gauges is a manufacturer of gauges and sensors that measure liquid levels of various fuels, including propane, gasoline and diesel for various applications, such as residential and commercial propane tanks, forklifts, RV’s, lawn and garden equipment, tractors and personal aircraft. Rochester has manufacturing facilities in Dallas, Texas; Mexico City, Mexico; Brussels, Belgium with a sales office in Shanghai, China. Learn more at rochestergauges.com
About Renovo
Renovo Capital, LLC (www.renovocapital.com) is a Dallas-based private equity fund that partners with business owners, entrepreneurs and management teams to invest in specialty manufacturing and business service companies. Renovo’s principals and network of operating professionals have decades of experience providing operational and strategic leadership to drive long term business value creation. Renovo Capital has offices in Dallas and Denver.
Media Inquiries
Renovo Capital
Matt Farrell
Office – 214.699.4968
matt.farrell@renovocap.com
This communication is intended only for informational purposes. This communication nor any attachment thereto is not intended, and should not be construed, as investment advice and does not constitute an offer or commitment, a solicitation of an offer, or any advice or recommendation, to enter into or conclude any transaction. Offers are made only pursuant to a definitive Private Placement Memorandum, Subscription Agreement, or other relevant documentation for the Funds, which contain detailed information concerning the investment terms and the risks, fees and expenses associated with an investment in that Fund. Certain information regarding this communication may have been obtained from third-party sources, including from portfolio companies of funds managed by Renovo. While taken from sources believed to be reliable, Renovo has not independently verified such information and makes no representations about the accuracy of the information or its appropriateness for a given situation. The communication speaks only as of the date indicated or, if no such date is indicated, the date such content is originally posted, and any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in this communication are subject to change without notice and may differ or be contrary to opinions expressed by others. This communication or any attachment thereto is not intended, and should not be construed, as legal, tax, public accounting or auditing advice or opinions. You should consult your legal counsel, accountants and/or tax advisors prior to making any decisions or taking any action concerning the matters in this communication.