Current Investment-FUND III
Acquisition date: October 6, 2017
Disposition date: Current Holding
Designer and manufacturer of premium environmental and athletic performance measurement instruments
Nielsen-Kellerman Co. (“Nielsen-Kellerman”) is a designer and manufacturer of premium environmental and athletic performance measurement instruments. Founded in 1978 and headquartered in Boothwyn, PA, Nielsen-Kellerman has developed innovative solutions for outdoor enthusiasts and professionals across multiple end markets to provide the user with actionable, real-time data to make critical decisions.
Nielsen-Kellerman goes to market under two primary brands, Kestrel® and NK, which have a strong reputation in their respective markets due to their quality, durability, and accuracy. Kestrel® (“Kestrel”) products measure local environmental conditions (wind speed, temperature, humidity, etc.) and perform end market specific calculations that are used recreationally, competitively, and professionally in a multitude of end markets, including firefighting, agriculture, research, hiking, etc. Select Kestrel products also combine environmental data with a ballistics solver to provide accurate information for long-range shooting enthusiasts and professionals. NK branded products measure athlete biomechanics, boat performance, and provide audio amplification solutions and accessories for recreational and competitive paddle sports participants.
The transaction closed on October 6, 2017. Clearview invested equity from Clearview Capital Fund III, LP. Senior debt was provided by The Huntington National Bank and mezzanine debt was provided by PNC Erieview Capital.
Add-on Acquisitions Completed:
A designer and marketer of weather stations and related measuring devices.
A designer and manufacturer of commercial weather stations, solar monitoring stations, and rain gauges.