Hoskin Acquires Measur
Chattanooga, TN, September 19, 2024
River Associates Investments, L.P. (“River Associates”), a longstanding lower middle market private equity firm based in Chattanooga, TN, is pleased to announce the successful acquisition of Measur by its Canadian-based portfolio company, the Hoskin Group (“Hoskin”). The transaction closed on September 19, 2024.
Founded in 2001, Measur is a specialist distributor of Drones, Materials Testing, and Geomatics equipment for the Construction, Mining, Oil & Gas, and Public Safety end markets. Based in Alberta, Canada, the company operates out of three strategic locations in Calgary, Vancouver, and Mississauga. Measur will continue to operate under its own brand.
“We are pleased to welcome Measur to the Hoskin team,” commented Justin Warren, CEO of the Hoskin Group. “The addition of Measur not only allows us to further consolidate Hoskin’s leadership position in the Geotechnical and Materials Testing space but also creates two new important growth platforms with Measur’s expertise in the supply and technical support of Drone and Geomatics technologies. Hoskin’s national sales and distribution network will provide Measur the ability to further accelerate its growth as well as provide existing Hoskin customers access to a wider range of technologies.”
Don Wilgosh, Co-Founder and Chief Executive Officer of Measur, said, “Since 2001, the Measur team has developed a reputation for dependability and excellent customer service – attributes that are greatly aligned to the Hoskin team. We are excited to seek the next chapter of Measur under the new leadership and support of Hoskin.”
River Associates and the Hoskin management team will continue to seek additional complementary strategic acquisitions for Hoskin. For more information, please reach out to Mark Jones.
About Hoskin:
Founded in 1946, Hoskin is the Canadian market leader in test and measurement data to monitor critical applications in Environmental, Geotechnical and Industrial Applications. The Hoskin Group comprises Hoskin Scientific, Avensys, CTH and Durham Instruments. The group provides dedicated local technical support to customers across Canada through a national network, with sales, service support, integration and rental of test and measurement solutions across five locations in Vancouver, Edmonton, Oakville, Pickering and Montreal. Key applications served include instruments for the monitoring of air, water, soil, asphalt, petroleum and concrete across Environmental, Mining, Construction, Forestry, Industrial and Utility markets. For more information, visit www.hoskin.ca.
About River Associates:
River Associates is a private equity firm based in Chattanooga, TN, which has focused exclusively on investing in the lower middle market for 35 years. Target businesses can be privately held, private equity-backed, or divestitures from larger companies. River Associates is opportunistic as to industry and has invested in numerous niche manufacturers, high margin distributors, industrial service providers and business service companies. River targets U.S. & Canadian companies typically with EBITDA in the $3-12 million range. Since its founding in 1989, River Associates has completed 120 transactions. River is currently investing its eighth investment fund, which has $345 million of committed capital. For more information, visit www.riverassociates.com.