April 2019 / Prairie Capital

PRAIRIE CAPITAL VI PARTNERS WITH MANAGEMENT OF ANALYTICAL SENSORS & INSTRUMENTS

Prairie Capital VI, LP partnered with CEO Drew Hall and other management to recapitalize Analytical Sensors & Instruments, Inc. (“ASI” or the “Company”). ASI is a vertically-integrated engineer and manufacturer of electrodes, analytical sensors and chemical solutions used in a variety of water testing applications for industrial water treatment, laboratory, environmental, pool and aquaculture end markets. The Company’s products are manufactured to customer specifications for leading OEMs of water testing and processing devices, global distributors of laboratory supplies, and education, research and commercial laboratories, among others. ASI is headquartered in Sugar Land, TX with a wholly-owned manufacturing subsidiary in Shanghai, China.

ASI represents a premier provider in the water testing and monitoring sensor market. As a one-stop solution for its customers, the Company boasts a wide breadth of high-quality products, deep development and technical expertise and low-cost, vertically-integrated manufacturing capabilities across an international footprint. Significant investments in chemical, electrical, and mechanical engineering capabilities enable the Company to manufacture key sensor components in-house, allowing ASI to manage the entire product lifecycle and ensure superior quality. ASI acts as an extension of customers’ product development and marketing teams, from initial conceptualization and prototyping to product launch and post-launch support. ASI supplies OEM customers with replacement sensors on a recurring basis throughout the life of each customer’s installed base of meters/controllers, resulting in deeply entrenched relationships.

Water testing and monitoring is a large and growing market, both in the U.S. and globally, with highly diverse and continually expanding end market applications. The industry is positioned to benefit from favorable underlying demand drivers and recession resistant characteristics, including consistent growth in demand for water use and reuse, increasing government regulations, and continued technological advances expanding the breadth of testing applications. International demand for water testing and monitoring sensors continues to expand as foreign governments establish stricter water standards. ASI’s current products and capabilities uniquely serve this broad and growing global market, with an outlook for continued growth supported by positive industry trends and new product offerings.

Prairie Capital partnered with management to support and accelerate continued company-building investments in human capital, sales and marketing, new products, infrastructure, technology and add-on acquisitions.

For more information on ASI, please contact:

Chris Killackey at ckillackey@prairie-capital.com

Jeff Vranek at jvranek@prairie-capital.com

April 2019|