Benford Capital Partners (“Benford Capital” or “BCP”) and Industrial QC Holdings, LLC (“Industrial QC”) are pleased to announce the acquisition of Strainoptics, LLC (“Strainoptics” or the “Company”). Strainoptics represents Industrial QC’s third investment, following the acquisition of LiteSentry, LLC (“LiteSentry”) in November 2019 and Softsolution GmbH (“Softsolution) in July 2021.
Founded in 1985 and based in North Wales, Pennsylvania, Strainoptics is a leader in non-destructive stress measurement and optical inspection instruments for glass and plastics manufacturers worldwide. The Company’s GASP polarimeter is an internationally recognized standard for measuring surface stress in heat-strengthened or tempered glass.
“We are very pleased with the straightforward and partnership-oriented approach from Benford Capital and Industrial QC,” commented Rick Ware, owner of Strainoptics. “We believe that the resources of the Industrial QC platform and the relevant expertise of its leadership team will help further scale Strainoptics in the years ahead.”
The addition of Strainoptics broadens Industrial QC’s industry leading technology, support, technical expertise, and innovation pipeline. Industrial QC is actively seeking additional acquisitions of instrumentation and services businesses selling into the glass and plastics industries.
Brian Staff, Benford Capital Operating Partner noted, “We are thrilled to add another leading test and measurement business to the Industrial QC platform. Strainoptics’ instruments for offline inspection of critical glass quality parameters are an excellent complement to the inline systems from LiteSentry and Softsolution.”
“Adding the Strainoptics technologies and team to Industrial QC will help us support customers across additional applications,” commented Gary DiDio, President of LiteSentry. “The combined product portfolio, experience, and expertise of LiteSentry, Softsolution, and Strainoptics will be a great benefit to customers as we continue to deliver innovative products and services to meet the industry’s quality control and inspection needs.”
ABOUT BENFORD CAPITAL PARTNERS
Founded in 2004, Benford Capital is a Chicago-based private equity firm focused on buying and building leading lower middle market companies in partnership with founders and management. Since inception, Benford Capital has acquired 30 companies, including several add-on acquisitions, and currently owns 13 platform companies. Industry areas of focus include industrial technology, consumer products and food, B2B e-commerce, and agricultural products and services. For more information, please visit www.benfordcapital.com.
Please contact Ben Riefe (firstname.lastname@example.org) or Brian Staff (email@example.com) regarding investment opportunities for Industrial QC.