UPC acquires CMC-Kuhnke

Union Park Capital (UPC), a US-based private equity firm, has acquired CMC-Kuhnke Worldwide. As a result, CMC-Kuhnke will join Testing Machines Inc. (TMI) as an independent operating entity under UPC’s Industrial Physics Holdings platform.

Heinz Grossjohann, who is stepping down as president and owner, says, “They are keeping my existing team in place and giving them the tools to drive the business forward. The result will be great for our customers, my loyal employees, and the brand reputation we’ve all worked so hard to build.”

Alex Grossjohann, now general manager of Worldwide operations, says, “We will retain an important measure of autonomy, but at the same time gain direct benefit from an exceptionally strong team of operators and investors. Our customers will see the same company and the same people they’ve always known, but we’ll have greater capability to serve their needs – that’s important to us.”

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