Caymus Equity Partners (“Caymus Equity”), a lower middle market private equity firm, has announced that its portfolio company, FST Technical Services, Inc. (“FST”), has acquired Auburn Metrology Lab, Inc. (“Auburn”). Headquartered in Bowling Green, KY, Auburn is a company that specializes in the calibration and repair of communication service monitors, watt meters, and other electronic test equipment. This acquisition will provide FST with additional service lines, new customers and referral sources, and cost synergies by merging lab and repair services.
“Auburn provides FST with new customers in the telecommunications industry and additional service offerings that will nicely complement our current operations,” said Troy Hall, CEO of FST. “In addition, Auburn provides us with attractive cost synergies as we will be able to bring repair work in-house that was previously outsourced.”
The transaction represents FST’s first strategic acquisition since Caymus Equity partnered with Alcentra Capital Corporation (NASDAQ:ABDC) and management for a majority recapitalization in November 2013, and is part of FST’s strategy to continue diversifying customer and industry representation.
The transaction closed on April 21, 2015. To learn more about FST, visit www.fsttechnical.com.