Farragut Invests in EMX Industries

CHEVY CHASE, MD – Farragut Capital Partners is pleased to announce the closing of an investment in EMX Industries (“EMX” or the “Company”).  Farragut invested senior subordinated debt and equity to support the recapitalization of EMX in partnership with Watervale Equity Partners and members of the Company’s senior leadership team including its Chief Executive Officer, Joseph Williams.

Founded in 1984 and based in Cleveland, Ohio, EMX is a leading manufacturer of electronic sensors used in access control and industrial automation.  EMX has a strong reputation for innovation and quality and the Company provides sensors for a wide range of applications in commercial and industrial settings.  EMX sensors are used in access control situations to detect the presence and motion of vehicles, equipment, and people by utilizing magnetic, inductive, ultrasonic, magneto-resistive, infrared, RFID, and microwave technologies.  In industrial automation applications, EMX sensors are utilized for quality control on high-speed production lines by measuring specific properties such as color, ultraviolet luminescence, opacity, and particulate counts. 

Alan Cuthbertson of Farragut said of the transaction, “We’re excited to partner with Watervale and the EMX team in the next chapter of the Company’s success.  EMX is a long-established leader in the market and Joe Williams and Watervale have positioned the Company to continue its strong momentum in the years ahead.”

Mike Faremouth, Watervale Equity Partners Managing Partner, added, “We have known Alan and Farragut for several years, and we are thrilled to be partnering with them as we continue to grow EMX.  Through their diligence and underwriting process, we quickly found that their approach was very well-aligned with ours and they are focused on growth.”

The EMX investment was made from Farragut’s latest investment vehicle, Farragut SBIC Fund III, LP.

For more information on EMX, please visit www.emxinc.com