Sequel Holdings Adds Businesses to its Critical Process Systems Group
In June 2015, through its portfolio company, Critical Process Systems Group (“CPS”) (formerly Fab-Tech), Sequel acquired BioPharm Engineered Systems, Inc. (“BPES”). BPES provides custom engineered process separation and fluid handling equipment to the biotech, pharmaceutical, and clean industrial markets. Additionally, in July 2015, CPS acquired ENGVT. ENGVT is a Vermont-based engineering firm focused on the design and construction of process intensive industrial facilities, primarily in the semiconductor, mining, commercial and industrial markets.
As a result of these transactions, the CPS companies now represent a comprehensive group of seven manufacturing and engineering companies which design, build, and service critical process utilities. CPS provides innovative product solutions to customers in the semiconductor, life science, chemical processing, wastewater, industrial gas, mining, power generation and other industries.
John Madden, Managing Partner of Sequel, stated “we are very pleased with the continued expansion of this platform investment and the market opportunities it presents. As the various industries CPS serves continue to grow and innovate, CPS is well positioned, as a trusted partner with its customers, to continue to find innovative solutions that add value across these industries.”
Paul Frascoia, President and CEO of CPS, commented, “The additions of BPES and ENGVT are exciting opportunities for CPS to continue to expand our product and service offerings across a broader range of industries. These acquisitions represent a continuation of the growth and transformation in our business since partnering with Sequel. Sequel’s strategic vision has been completely aligned with ours and they have been a constant and committed resource for us.”
See www.cpsgrp.com for more information on CPS.