ENMET, LLC
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ENMET, LLC - overview
Established
1970
Location
Ann Arbor, MI, US
Primary Industry
Electronics
About
ENMET, LLC specializes in providing advanced gas detection solutions for industrial, environmental, and medical safety applications, ensuring compliance and safety in various sectors. Founded in 1970, ENMET, LLC operates from its headquarters in Ann Arbor, US, focusing on toxic gas detection technologies. The company has maintained a steady approach without significant pivots in its operational strategy. In July 2014, ENMET was acquired by Benford Capital Partners, with the financial terms undisclosed.
ENMET offers a comprehensive range of gas detection solutions, focusing on toxic gas detection for industrial, environmental, and medical safety applications. Their core product line includes compressed airline monitors, portable breathing air systems, continuous multi-channel fixed systems, and autonomous gas chromatographic monitoring systems. These instruments are designed to monitor ambient air quality and ensure the safety of workers and communities by detecting toxic chemicals at trace levels. ENMET's client base comprises industries such as oil and gas, petrochemical, healthcare, and environmental monitoring, primarily serving customers in North America and select international markets.
The products are utilized in various end-use scenarios, including workplace air quality monitoring, compliance with safety regulations, and verification of medical gas quality. ENMET's revenue model is based on direct sales of its gas detection products and systems to a diverse clientele, including industrial manufacturers, healthcare facilities, and environmental agencies. The company engages in B2B transactions, providing tailored solutions that meet specific client needs, often accompanied by technical assistance for installation and training. Revenue is generated through the sale of flagship products such as compressed airline monitors and gas chromatography analyzers, which are essential for ensuring safety and compliance in various applications.
In addition, the company may offer service contracts to maintain and support their systems, enhancing ongoing relationships with clients in sectors that require continuous monitoring and compliance. Pricing structures for their offerings are determined based on the complexity and functionality of the products, facilitating strategic partnerships and long-term sales agreements within their focused markets. ENMET is focused on developing new products that enhance its gas detection capabilities, although specific launch dates have not been detailed. The company aims to expand its market presence, particularly targeting international opportunities in Europe and Asia by the end of 2024.
The recent acquisition by Benford Capital Partners in July 2014 will likely support these expansion efforts, allowing ENMET to leverage additional resources for product development and market outreach.
Current Investors
Benford Capital Partners
Primary Industry
Electronics
Sub Industries
Beauty & Hygiene, Power Generation Equipment & Services, Electronics
Website
www.enmet.com
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
ENMET, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Sensora Corporation | - | ||||||||
| Buyout | Completed | ENMET, LLC | - |
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