Private equity firm Windjammer Capital Investors in Newport Beach acquired on undisclosed terms Advanced Instruments LLC in Norwood, Mass., a 61-year-old company that makes laboratory test equipment used in clinical, food, pharmaceutical and biotech markets in about 90 countries.
Windjammer invests $50 million to $200 million in middle-market firms that generate up to $50 million in earnings before interest, taxes, depreciation and amortization.
It’s the sixth acquisition in its $726 million Senior Equity Fund IV.
The investor is one of Orange County’s long-standing private equity firms. It started in the 1990s as part of Newport Beach-based Pacific Life Insurance Co. and has invested about $1.5 billion in more than 50 companies.
—Michael de los Reyes
