NEW YORK: One Equity Partners, a private equity firm, has agreed to acquire Measurement Solutions business, a business that provides liquid meters and related digital solutions, from TechnipFMC, an oil and gas company. The deal is expected to close in the first half of 2024.
The business, which has customers across North America, Europe and beyond, offers a range of metering products and systems used in custody transfer applications. It also offers digital solutions to capture physical and fiscal data from interconnected infrastructure.
One Equity Partners plans to help the business grow organically and through acquisitions, leveraging its experience in diversified industrials and corporate carve-outs. The business employs about 450 people and operates six facilities in the U.S. and Germany.
One Equity Partners (OEP) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 300 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam.