Critical Process Systems Group Acquires Nuance Systems
Critical Process Systems Group ("CPS"), a portfolio company of Wynnchurch Capital, L.P. ("Wynnchurch"), announced the acquisition of Nuance (News - Alert) Systems ("NSI" or the "Company"). NSI is a leading supplier of complex, ultra-high purity gas and chemical delivery systems and sensing technologies to advanced applications within the semiconductor and solar industries. NSI (News - Alert) designs and produces mission-critical ampoules, liquid level sensors, integrated systems, as well as provides repair services. Bill Kimmerle and Kyle Kimmerle, co-owners of NSI, will continue to serve as CEO and President of NSI, respectively.
Dmitry Shashkov, PhD, CEO of CPS, said, "I am excited to welcome NSI into CPS. NSI is a rare business that combines the speed and agility of an entrepreneurial startup with solid manufacturing processes, mature quality systems, and ardent customer support that one would expect to find in much larger organizations. NSI's strengths are very similar and complimentary to our own. Our team is looking forward to working with NSI and helping them grow and serve their customers even better in the future."
Bill Kimmerle, PhD, CEO of NSI, said, "This is the right step at this stage in NSI's evolution. NSI, its customers and its employees will benefit from the extensive resources provided by CPS." Kyle Kimmerle, President of NSI, added, "This partnership will accelerate NSI's growth trajectory and enhance support to its customers' ever-evolving technology needs."
Brian Crumbaugh, Partner at Wynnchurch, said, "In line with our original investment thesis for the platform, the acquisition of NSI expands CPS's capablities, customer diversification, and geographic reach. We believe that the addition of NSI further bolsters CPS's position as a leading supplier of mission-critical systems."
About Nuance Systems:
Founded in 2008 and headquartered in Portland, Oregon, NSI is a leading supplier of complex, ultra-high purity gas and chemical delivery systems and sensing technologies to advanced applications within the semiconductor and solar industries. For more information, please visit: https://www.nsi-mfg.com.
About Critical Process Systems Group:
Critical Process Systems Group, headquartered in Boise, Idaho, is a leading provider of mission-critical solutions for highly demanding industries and applications. The company provides a broad range of products & services including corrosive fume exhaust ducts and air flow control devices, high purity process utility modules, biopharmaceutical processing equipment, and liquid, chemical, and gas storage, blending, and delivery control products, as well as process and mechanical engineering services and project management. For more information, please visit: https://www.cpsgrp.com.
About Wynnchurch Capital:
Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with an office in California and an affiliate in Canada, was founded in 1999, and is a leading middle-market private equity investment firm. Wynnchurch's strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch manages a number of private equity funds with $4.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. For more information, please visit: https://www.wynnchurch.com.
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