Stillwater Capital advised Davis Controls in its sale to Hoskin Scientific, backed by River Associates.
Davis Controls is a family-owned Canadian leader in industrial automation and process instrumentation, proudly serving businesses nationwide since 1933. Headquartered in Oakville, Ontario, the company delivers advanced solutions for process control, automation, and environmental applications, backed by expert technical support and a diverse portfolio of trusted global brands.
Founded in 1946, Hoskin provides test and measurement data to monitor critical applications in environmental, geotechnical, and industrial applications. Key applications served include instruments for monitoring air, water, soil, asphalt, petroleum, and concrete across environmental, mining, construction, forestry, industrial, and utility markets.
River Associates is a private equity firm based in Chattanooga, TN, that focuses exclusively on investing in the lower middle-market and has served as a financial sponsor partner for management teams for over 35 years.
The transaction was led by Don Pagnutti, Managing Director. Matthew Kindree and his team at GGI member firm Pallett Valo served as legal counsel for Davis Controls.