NASHVILLE, Tennessee (January 24, 2018) — Bailey Southwell & Co., LLC (BSC) is proud to announce the sale of Cooper-Atkins Corporation (Cooper-Atkins), a leading manufacturer of temperature and environmental measurement devices and wireless monitoring solutions for foodservice, healthcare and industrial markets, to Emerson Electric (NYSE:EMR) a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets.
Cooper-Atkins is the leading comprehensive temperature management and conditional monitoring products provider for spot inspection and fixed location uses in the commercial foodservice, healthcare, and industrial markets. The company serves restaurants, supermarkets, healthcare facilities, pharmacy and lab, and industrial applications including smart building automation. Top selling product lines include Cooper-Atkins patented TempTrak, NotifEye, Blue2, and EnviroTrak software and devices. Its solutions are modernizing food and patient safety and quality management by utilizing mobile and cloud-based quality, safety, and compliance systems.
Cooper-Atkins is a strong complement to Emerson’s global cold chain business, which includes the ProAct™ Services portfolio for supermarkets and the Cargo Solutions business, which provides real-time perishable cargo tracking and monitoring services. “We see food safety as a critical need that will shape demand in our end markets,” said Emerson Chairman and Chief Executive Officer David N. Farr. “Cooper-Atkins’ strong brand reputation and leading portfolio of automated temperature and monitoring solutions broadens our access to the foodservice industry.” Emerson’s Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency, and create sustainable infrastructure.
Robert Nerbonne, EVP of Cooper-Atkins stated, “Bailey Southwell’s deep sector expertise enabled them to most effectively shape our go-to-market strategy, attracting the right strategic and financial buyers to the process. BSC’s seamless execution ensured an outstanding outcome that exceeded our highest expectations. They are intelligent, knowledgeable, hardworking effective communicators, who were also a pleasure to work with and have on the team,” continued Nerbonne.
About Bailey Southwell & Co
Founded in 2005 and headquartered in Nashville, TN, Bailey Southwell & Co. is a boutique investment bank providing customized mergers & acquisitions and capital raising services to leading healthcare and tech-enabled services businesses. More information about BSC can be found at www.baileysouthwell.com.