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12/2023

ADVANCED MICRO INSTRUMENTS acquired by ENPRO

UNITED STATES Industrial Equipment / Special Machinery / Instrumentation & Measurement EV $100–350M

Context

The successful acquisition of Advanced Micro Instruments (AMI) by Enpro Inc. marks a decisive tactical expansion of the group’s capabilities within the compositional analysis market. This transaction facilitates the integration of Advanced Micro Instruments' proprietary sensing technologies into Enpro Inc.’s Sealing Technologies segment, creating a broader portfolio of solutions for safeguarding critical environments. The strategic rationale hinges on the fusion of Advanced Micro Instruments’ gas analysis expertise with Enpro Inc.’s established reach in the midstream energy and industrial processing sectors. By incorporating Advanced Micro Instruments, Enpro Inc. reinforces its ability to address the increasing regulatory and environmental demand for methane emission reduction and biogas monitoring. The partnership is designed to leverage Enpro Inc.’s industrialized operating model to accelerate the scaling of Advanced Micro Instruments’ sensor portfolio across global markets. This integration facilitates the creation of a more robust technical platform, providing the strategic depth required to navigate the clean energy transition. The move solidifies Enpro Inc.’s standing as a primary provider of mission-critical instrumentation and environmental protection hardware.

ADVANCED MICRO INSTRUMENTS, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a premium to the average currently observed in the Industry & Manufacturing sector (11.7x).

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Target

Advanced Micro Instruments (AMI) operates as a premier industrial technology organization specializing in the engineering and manufacturing of highly-engineered, application-specific analyzers and sensing technologies. The entity’s business model is centered on a proprietary framework of oxygen, hydrogen sulfide, and moisture analyzers designed to monitor critical parameters in volatile environments. Its value proposition is anchored in providing technical operational depth to facilitate infrastructure integrity, process efficiency, and environmental safety. Strategically, Advanced Micro Instruments focuses on the detection of contaminants within natural gas and biogas streams, enabling operators to avoid flaring and substantially reduce carbon emissions. By occupying a mission-critical role in the midstream energy, aerospace, and cryogenic sectors, the organization facilitates the structural transition toward cleaner industrial processing. The entity prioritizes technical differentiation and sensing precision to maintain its standing as a vital partner in safeguarding critical environments.

Ent. Value

$100–350M

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2023
[members only]
$5–25M
[members only]
2022
[members only]
$5–25M
[members only]

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REFERENCES

Valuation range: EV $100–350M

EBITDA range: $5–25M

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ADVANCED MICRO INSTRUMENTS by ENPRO are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: enpro