The Future of Liquid Measurement: One Equity Partners to Acquire TechnipFMC's Measurement Solutions Business

One Equity Partners (OEP), a prominent middle market private equity firm, has announced its agreement to acquire TechnipFMC's Measurement Solutions business. This acquisition includes a comprehensive range of liquid meters, integrated load management metering systems, and digital solutions for materials transfer through infrastructure. The Measurement Solutions business serves a diverse client base across North America, Europe, and beyond, offering innovative products and cutting-edge technology.

With a wide array of metering products such as positive displacement, turbine, ultrasonic, and Coriolis meters, the Measurement Solutions business ensures accurate custody transfer applications. Its offerings also extend to packaged flow measurement, fully automated systems, and digital solutions capturing physical material and fiscal data within interconnected infrastructure.

The business comprises three units: Metering Products, Metering Systems, and Terminal Management. It employs around 450 people and operates six facilities, including manufacturing locations in Erie, PA, and Ellerbek, Germany.

J.B. Cherry, Senior Managing Director at One Equity Partners, expressed enthusiasm about the growth potential of this standalone company. He stated, "The Business is an established global player with exciting growth potential as a standalone company. We are thrilled to be partnering with a strong management team and talented employees. One Equity has extensive experience in diversified industrials as well as corporate carve-outs, and we look forward to working with the team to help build the business through organic growth alongside transformational acquisitions, a hallmark of our strategy."

This acquisition further solidifies One Equity Partners' portfolio in corporate carve-out transactions. Known for its reliability and commitment as a business steward, OEP has successfully completed twenty-one similar transactions across its latest three funds, with eleven operating in industrial focused end-markets. Their expertise makes them an ideal partner for corporate sellers looking to divest their operations.

The transaction is projected to close in the first half of 2024, subject to customary closing conditions.

About One Equity Partners

One Equity Partners (OEP) is a middle market private equity firm that specializes in the industrial, healthcare, and technology sectors in North America and Europe. Their primary objective is to build market-leading companies through transformative business combinations. With a differentiated investment process, a seasoned team, and a proven track record of generating long-term value, OEP is a trusted partner in the industry. Since 2001, OEP has completed over 300 transactions worldwide. Established in 2001, OEP spun out of JP Morgan in 2015 and currently operates offices in New York, Chicago, Frankfurt, and Amsterdam.

In conclusion, One Equity Partners' agreement to acquire TechnipFMC's Measurement Solutions business signifies a significant step forward in the liquid measurement industry. With their expertise and resources, OEP is well-positioned to support the growth and development of this standalone company. This acquisition aligns with OEP's strategy of driving organic growth and pursuing transformational acquisitions, ultimately shaping the future of liquid measurement solutions.