DFW Capital Partners announced today that it has completed the sale of its portfolio company, Superior Controls (Superior) to E-Technologies, a portfolio company of Falfurrias Capital. The sale represents the sixth sale or major liquidity event for the firm’s 2012 vintage fund, DFW Capital Partners IV, LP.
Founded in 1993 and headquartered in Seabrook, New Hampshire, Superior is a leading provider of mission-critical automation, integration and engineering support services to the biotechnology and pharmaceutical sectors. The Company’s services are critical to the startup and ongoing support and maintenance of complex, increasingly advanced manufacturing systems. Superior’s engineering talent, institutional know-how and sector expertise position the Company’s value proposition at the nexus of accelerating innovation and ensuring compliance with stringent regulatory requirements. The Company’s 135+ engineers and national footprint make it the leading full-service automation and systems integrator focused on the life sciences market.
DFW led the recapitalization of Superior in March 2016, partnering with management who maintained a significant ownership in the company. In March 2017, Superior merged with Banks Integration Group adding a significant west coast presence in the life science sector. During DFW’s investment period, Superior grew significantly as it continued to penetrate its customer base with embedded engineers. Superior will continue to be led by co-founder and President, Rick Pierro, who will also join the E- Technologies’ board.
Rick Pierro commented “DFW has been an excellent partner for Superior and its management team over the past three years. Their strategic advice and direction were invaluable to allow the growth and expansion of our footprint. We are excited to partner with E-Technologies and drive continued future success.” Doug Gilbert, Partner with DFW, noted “We have been thrilled with our long-standing relationship with Rick and the entire Superior team, and wish them great success with their new partner.”
Lincoln International represented Superior in the sale to E-Technologies.
About DFW Capital Partners
DFW Capital Partners is a private equity investment firm focused on lower middle-market companies. The firm concentrates on service companies, with an emphasis on healthcare and outsourced business and industrial support services. DFW is backed by both institutional and high-net worth individual investors, and has established a long track record of success in building leading companies. DFW is headquartered in Teaneck, NJ, and maintains an office in Chevy Chase, MD. For more information, contact Keith Pennell, Managing Partner, at (201) 836-6000.