The Exit Group Completes Transaction Between Calibration Technologies, Inc. and Astor Place Holdings

Firm closes seventh platform in last 12 months and will invest as part of continued growth prospects

HENDERSON, Nev.–(BUSINESS WIRE)–The Exit Group, a premier buy-side M&A firm focused on creating and building relationships between private businesses and investors, announced today it completed a transaction with Calibration Technologies, Inc. (“CTI” or the “Company”), a leading manufacturer of hazardous gas detection equipment for employee safety and Astor Place Holdings (“Astor Place”), the private investment arm of Select Equity Group, L.P. (“SEG”). The Exit Group invested alongside Astor Place, who acquired a majority interest in CTI, and senior members of the CTI management team, who will continue to operate the business. CTI’s acquisition was the seventh platform investment facilitated by The Exit Group in the last 12 months.

A family-owned business founded in 2004 and headquartered in Columbia, Missouri, CTI manufactures gas detection systems and sensors serving the industrial refrigeration market. The Company serves a diverse customer base across food & beverage, cold storage logistics and other refrigerated end markets. CTI’s products are highly engineered and designed to provide reliable gas monitoring in the harshest environments. CTI also manufactures gas detection equipment for carbon monoxide and nitrogen dioxide to monitor vehicle emissions in warehouse distribution centers.

In addition to its product offerings, CTI provides repair and calibration services at end-user facilities nationwide. CTI’s fleet of service technicians ensures end-user compliance with applicable regulatory requirements established by the Occupational Safety and Health Administration (OSHA) and the Environmental Protection Agency (EPA).

“The sale of the business needed to be a fit for our family, employees and the community,” said Brian EuDaly, CEO of CTI. “We were not actively looking for a partner, but The Exit Group team gave us confidence a deal with Astor Place was a unique opportunity, particularly given their understanding of our industry, commitment to CTI’s independence, and shared long-term vision for the company.”

“The EuDaly family have built a customer-focused company with a strong brand and industry-leading products, and we’re excited to be part of their continued growth,” said Charlie Durkin, Managing Director of Astor Place. “The Exit Group understood the needs of all parties and played an invaluable role in making this transaction a win for everyone.”

The Exit Group has fostered a relationship with CTI since 2014, providing a long-term perspective on the goals and aspirations of the EuDaly family as well as the company.

“Given the longstanding relationship we’ve built with the EuDaly family, we’re excited to invest alongside Astor Place and partner with CTI/Astor to continue to grow the business,” said Dylan Goldsmith, Principle at The Exit Group. “Our experience as advisors and investors gives us an understanding of what both sides needed and we’re looking forward to what the future holds.”

About Astor Place Holdings

Astor Place Holdings is the private investment arm of Select Equity Group, L.P. Astor Place deploys patient capital in partnership with exceptional management teams to drive long-term value creation in lower middle market North American companies.

About Select Equity Group, L.P.

Select Equity Group manages approximately $36 billion across various strategies that share a fundamental investment philosophy and centralized research effort. SEG is employee-owned and has been located at 380 Lafayette Street in lower Manhattan since the early 1990s.

About The Exit Group

The Exit Group was founded to provide a unique and personal alternative to an M&A deal process for investors and business owners. Our experience as former business owners, and as investors, provides us with the experience to understand both sides of the table in any deal with a mission to maximize value for all parties involved in a proprietary transaction. Private Equity firms and large corporations partner with us to assist in identifying, coordinating, and completing strategic investments or acquisitions. We build long term relationships with our investor clients and the business owners we work with. Our process driven approach employs proprietary tools that creates a bias for strong and profitable transactions. For more information visit


Jeremy Milner

BackBay Communications
(401) 862-9422

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