Benford Capital Partners has made an investment in Northfield, Minnesota-based LiteSentry LLC, a provider of automated inspection and process control systems to the flat glass fabrication market. No financial terms were disclosed.
Benford Capital Partners, LLC (“Benford Capital”) is pleased to announce its investment in and partnership with LiteSentry, LLC (“LiteSentry” or the “Company”). Benford Capital’s investment in LiteSentry represents its fifth industrial technology acquisition, an industry area of focus for the firm.
Founded in 1999 by Mark Abbott and based in Northfield, MN, the Company is a leading provider of automated inspection and process control systems to the flat glass fabrication market. LiteSentry’s business strategy, growth plans and leadership team remain unchanged. Benford Capital’s investment in LiteSentry will support incremental growth, new hires, and business development efforts to build upon the Company’s legacy as a niche market leading test and measurement equipment manufacturer.
“Benford brings to LiteSentry new depth in financial and operational resources to support our continued growth and development of great new solutions for our customers,” commented Mark Abbott.
Brian Staff, Benford Capital Operating Partner, added “The LiteSentry team has built deep customer relationships by providing market leading automated industrial inspection and process control solutions for the flat glass industry. We look forward to strengthening these relationships even further as we help develop new products and services to support customers’ current and future needs.”
“We are thrilled to partner with Mark Abbott and the entire LiteSentry team,” added Ben Riefe, Managing Director of Benford Capital. “The Company’s strong value proposition and best-in-class optical distortion test and measurement technology provide an exceptional base from which to build upon in the years ahead.”
About LiteSentry: LiteSentry is a leader in automated industrial inspection and process control instruments for the flat glass industry. The Company’s systems are used to inspect glass during production for optical distortion, stress profiles, defects, and other critical product quality attributes. End market application areas include commercial and residential construction, solar PV, specialty thin glass, appliances, sheet plastic, and glass displays. www.litesentry.com
About Benford Capital Partners: Founded in 2004, Benford Capital Partners, LLC is a Chicago-based private investment firm focused on niche-market leading businesses in the lower middle market. With ten current portfolio companies, Benford Capital seeks to build its companies over the long-term in partnership with management.