BOSTON, MA – June 15, 2018. Union Park Capital (“UPC”), a Boston based investment firm focused on industrial technology, has acquired Tiger Optics, LLC (“Tiger”), a pioneer in the use of Cavity Ring-Down Spectroscopy (“CRDS”) and leading manufacturer of laser-based spectroscopy gas analyzers and air monitors. Terms of the transaction were not disclosed.

Tiger Optics, based in Warrington, PA, will operate as an independent entity under Process Insights (“PI”), a UPC investment focused on process analytics and measurement instrumentation companies. Process Insights includes, Cosa Xentaur Corporation, Alpha Omega Instruments, LAR Process Analysers, and now Tiger Optics.

Founded in 2001 by Lisa Bergson, Tiger offers a wide and proven array of customer-lauded trace gas analyzers and air monitors used in high purity industrial gas, semiconductor, laboratories, life science and various other end markets. Based upon CRDS, Tiger’s instruments provide outstanding detection capabilities with continuous self-calibration and no consumables required.

“Tiger Optics is a great addition to the Process Insights family of businesses,” said Monte Hammouri, CEO of Process Insights. “The products and technology are highly complementary to our other businesses and will help us better serve our customers through a more complete product offering. We are thrilled to welcome Tiger to the family.”

“We are very excited about the future of Tiger Optics and the partnership with Union Park Capital and Process Insights,” commented Steven Geserick, Director of Operations. “With Process Insight’s existing resources, we will not only be able to develop new ideas faster but can bring our existing solutions into new adjacent markets,” added Erika Coyne, President of Tiger Optics. Erika will assume the President role and Steven will continue on as Director of Operations.

About Tiger Optics

Founded in 2001, Tiger offers gas analyzers, as well as atmospheric and cleanroom monitors based on Cavity Ring-Down Spectroscopy (“CRDS”) technology, a breakthrough discovery by Professor Kevin Lehmann, Ph.D., of Princeton University. Tiger Optics is headquartered in Warrington, PA in the Philadelphia suburbs. From the cleanest of semiconductor fabs to the harshest coal-fired power plants, Tiger analyzers work to improve yields, reduce costs, and simplify regulatory compliance. For more information, visit www.tigeroptics.com.

About Process Insights

The companies of Process Insights manufacture instruments focused on process analytics, control, and safety. Process Insights premium brands are used across a wide range of applications and end markets to ensure safe operation, increase product quality and to attain higher levels of efficiency in process industries. Sensors, instrumentation, and software used in these applications are mission-critical to reduce disruptions, downtime, and lost productivity, all while managing increasing regulatory complexity and cost in industrial processes. For more information, visit www.process-insights.com.

About Union Park Capital

Union Park Capital is a private equity firm solely focused on lower middle-market industrial technology companies. Union Park takes a long-term perspective to help stakeholders build value over time, and drives value creation through profitably growing a business, not financial engineering. Union Park Capital is based in Boston, MA and has extensive investments and expertise in the analytical instrumentation sector. To learn more, visit www.union-park.com.

Tiger Optics

Process Insights

DATE:      07 January 2021

TO:          Our Team Members Worldwide
                Our Customers Worldwide
                Our Channel Partners Worldwide
                Our Supply Chain Partners Worldwide

FROM:    Monte Hammouri
                Chief Executive Officer

CC:          Neil Hekking – Chief Financial Officer
                Joe Schwab – Chief Commercial Officer

RE:          Process Insights Update

Dear All,

First, I wish all of you a happy, safe and prosperous new year.  The past 11 months proved to be very trying times for all of us both professionally and personally.  But despite the mounting challenges throughout 2020, most of you were able to rise to the occasion, went above and beyond for the collective good, overcame the challenges and delivered your best in a year that tested even the most resilient of us.  All your effort culminated in a strong showing for Process Insights in 2020 despite the colossal obstacles.

As we embark on 2021, we still face many of the same challenges that we dealt with in 2020.  We are still in the thick of the battle with the Coronavirus (“COVID-19”) pandemic worldwide.  But we have all learned to deal with it creatively and bring back a certain feel of normalcy to our personal and professional lives.  Also, there is now great hope with the new vaccines being rolled out, and the end to the pandemic appears to be within reach perhaps later in 2021.

The recent tragic events from this week in the US may have created a perception of uncertainty, chaos and turmoil especially for our employees, customers, channel partners and supply chain partners who reside outside of the US.  First and foremost, I want to be clear that we, at Process Insights, condemn and reject violence in all its shapes and forms and are truly saddened by this week’s events.  We are committed to providing a safe and respectful environment for all of us to collaborate, always driven by the highest standards of integrity.  The American people, our democracy, our nation, our economy and our security all remain very resilient, very stable and very sound in the face of any challenge thrown at them.  While the worldwide news media coverage portrayed these events in incredibly alarming tones, I assure you that there’s a greater sense of security and stability of the American system here on the ground in the US that may not be clearly broadcasted in the media.

I am personally confident that our team worldwide will continue to deliver outstanding performance in 2021 and beyond, just like they have in the past, cementing Process Insights’ position as a top-tier, global contender in our served markets worldwide.  We are proud that our team members come from across the globe, with diverse backgrounds, experiences and perspectives.  This diversity makes us stronger.  But despite our differences – in geography, culture, language, experience and business – we are one company united by a shared commitment to excellence.  Our talent and diversity are, and will continue to be, core to our success.  I expect 2021 to be a banner year for Process Insights, our customers and our business partners worldwide.

I wish you all a happy, healthy, safe and prosperous 2021.

All my Best,

Monte

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Greensboro, NC – December 1, 2020.  Process Insights, a portfolio company of Union Park Capital, announced today that it has acquired MBW Calibration AG (“MBW”), a leading developer and manufacturer of high-quality chilled-mirror dew point hygrometers used in a variety of humidity calibration, measurement and gas quality applications.  MBW, based in Wettingen, Switzerland will join Process Insights’ existing portfolio of process instrumentation designers and manufacturers including, COSA Xentaur, Alpha Omega Instruments, Hygrocontrol, LAR Process Analysers, Tiger Optics, ATOM Instrument and Extrel CMS as another premium brand within Process Insights. Terms of the transaction were not disclosed.

Founded in 1962, MBW produced their first generation of dew point mirrors in 1965.  Over five decades later, MBW chilled mirror technology provides the highest performance, stability and repeatability humidity measurement for global standards, accreditation institutions and are used as a transfer standard for almost all international inter-laboratory standards.  Additionally, MBW’s products are used in a wide range of diverse industrial applications such as heat treatment, fuel cells, high voltage switchgear, climatic chamber validation, compressed air, breathing gas and battery manufacturing.

“We are very excited to be joining the Process Insights family” says Sascha Wettstein, CEO of MBW, who will continue to lead the day to day operations of MBW.  “Joining Process Insights allows us to leverage their extensive global network with cross selling capabilities and strong customer relationships.  We have a very strong technical product portfolio with a loyal customer base and we feel confident that we will be able to achieve MBW’s next chapter of growth within Process Insights.”  Mr. Wettstein added.

“MBW is another perfect addition to the Process Insights family.  This is a company with a history of technical innovation and highly differentiated technology.  The products and technology are complementary to our other businesses and will help us expand our value-add proposition to offer a competitive, one-stop complete solution to our customers,” said Monte Hammouri, CEO of Process Insights.  “Their technical capabilities, well-known and respected brand, and strong presence across Europe make it an ideal addition to the existing group.  I am delighted to have Mr. Wettstein join the PI team and am excited to work with him and his team to broaden the product portfolio and capture new, exciting business opportunities in the future,” added Mr. Hammouri.

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Process Insights

LAR

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