Turnspire Capital Partners Completes Daniel Measurement And Control Business Of Emerson Electric Deal
Turnspire Capital Partners has completed its previously announced acquisition of the Daniel Measurement and Control business from Emerson Electric Co. Daniel is a global leader in providing flow and energy measurement technologies and services to the natural gas and refined hydrocarbon industries; Turnspire has appointed Keith Barnard as CEO of Daniel, effective immediately.
The transaction includes all of Daniel’s brand rights, facilities, intellectual property and personnel. Emerson’s fiscal & custody transfer systems business, including its ultrasonic flowmeter business, is not included in the transaction.
Abel S. Osorio, Partner of Turnspire, said, “Turnspire is excited to partner with Keith to establish Daniel as an independent global leader in the energy test and measurement instrumentation sector. We are committed to supporting Keith and the Company as we invest in R&D, pursue attractive organic growth opportunities and execute on a strong pipeline of strategic acquisition opportunities. We look forward to working collaboratively with the entire Daniel management to solidify the business’ market leadership.”
Chapman and Cutler LLP acted as legal counsel to Turnspire with respect to the transaction.
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