True North M&A Facilitates Acquisition of Burns Engineering by Arcline-Backed DwyerOmega

Global Manufacturer of Precision Measurement and Control Solutions Makes Platform Investment in Minnesota-Based Company

Minneapolis, MN – January 8, 2025 – True North Mergers and Acquisitions (“TNMA”) President Michael Hubsmith announced today that Dwyer Omega (“DO”) of Michigan City, Indiana, has purchased Burns Engineering, Inc. (“BEI”) of Eden Prairie, Minnesota.Transaction terms have not been disclosed. True North Mergers & Acquisitions initiated, negotiated, and closed the transaction on BEI's behalf. The lead advisory team included Dan Mulvaney, Managing Director, and Manuel Santana, M&A Advisor.

For over 60 years, Burns Engineering has worked with one goal: to provide the best possible temperature measurement solution to our customers. The customer portfolio includes pharmaceutical, bioscience, food processing, chemical, gas and oil, and a range of OEM suppliers. Based in Eden Prairie, Minnesota, Burns Engineering offers engineered-to-order solutions and a full catalog of standard products, delivered directly to customers or through our network of Authorized Representatives.

DwyerOmega is a leading global manufacturer of precision measurement and control solutions, trusted across a diverse range of industrial and controlled environment applications to monitor, manage, and optimize critical processes with confidence. Serving customers worldwide with a portfolio of industry-leading brands, DwyerOmega has a legacy and ongoing commitment to innovation and quality.

“There was substantial interest from strategic acquirers and private equity groups. Our process generated multiple Indications of Interest and a strong LOI with over 30 signed NDAs,” said Advisor Manuel Santana. “In the end, BEI’s shareholders determined that DO was the best fit to carry on the legacy The Burns had built for over 60 years, along with a strong passion for quality and engineered solutions.” “We appreciate TNMA’s process and leadership throughout this process”, said BEI’s co-owners JD and Jim Buns. “Manny and Dan kept us informed throughout the process and provided valuable resources to make the best decisions possible for us.”

“We are thrilled to welcome Burns Engineering’s technical product portfolio to the DwyerOmega family,” said Chuck Dubois, CEO of DwyerOmega. “We will provide customers a premier offering of precision measurement technologies with an enhanced network of support and service resources. This acquisition advances our vision of being the provider of choice for measurement technologies to customers around the world.”

ABOUT TRUE NORTH MERGERS & ACQUISITIONS –True North Mergers & Acquisitions, formerly the lower middle market M&A practice within Sunbelt Business Advisors, is a practice focused on providing Mergers and Acquisition Advisory Services for companies with annual revenues between $5 million $250 million-plus. True North Mergers & Acquisitions was formed to leverage Sunbelt Business Advisors' M&A expertise and the company's success in middle-market transactions. More information is available at www.tnma.com.