Prairie Capital, a Chicago-based private equity firm, is pleased to announce the successful sale of AlpHa Measurement Solutions (“AlpHa” or the “Company”), a Fund VI portfolio company. This exit highlights Prairie’s investment strategy of partnering with management teams to build scalable platform companies in sectors experiencing growth tailwinds.

AlpHa designs and manufactures intelligent, analytical sensors and technologies that deliver mission critical and actionable data solutions for customers focused on water quality, health, and safety applications in a wide variety of industries.

Prairie’s investment thesis focused on expanding AlpHa from a founder-owned business to a scalable platform company in the growing industrial sensors market. This required substantial company-building investments including: (i) hiring key management to build the AlpHa brand and maximize sales and operational efficiencies; (ii) investing in technology to broaden the Company’s production and new product development capabilities; (iii) acquiring and integrating competitors to expand the Company’s product and technology portfolio; and (iv) consolidating all brands in a single-site professional headquarters. These investments, among others, enabled AlpHa’s annual revenues to more than double during Prairie’s hold period.

Prairie sold AlpHa to Enpro Inc. (NYSE: NPO), a leading industrial technology company headquartered in Charlotte, North Carolina. Enpro is focused on critical applications across many end-markets, including semiconductor, industrial process, commercial vehicle, sustainable power generation, aerospace, food and pharma, photonics, and life sciences.

Harris Williams served as AlpHa’s financial advisor and Snell & Wilmer served as legal counsel.

For more information, please contact:

Jeff Vranek at jvranek@prairie-capital.com
Chris Killackey at ckillackey@prairie-capital.com