Headwaters advised QinetiQ North America, a research and technology provider primarily for the aerospace, defense, and security industries, on the divestiture of Spectro, Inc., a Massachusetts-based manufacturer of instruments used for analyzing lubricant oil and fuel to predict and avoid machine failure to SFW Capital Partners of Rye, NY.

Suneet Chadha, CEO of Spectro said “We are very pleased to have the opportunity to continue to build Spectro with the help and support of SFW. Headwaters’ knowledge of the analytical instruments marketplace and their international reach helped us to see and understand the best options available to us and we could not be happier with the outcome.”

John Ippolito, Managing Director at Headwaters MB said, “We feel fortunate to have the opportunity to work with Suneet and Spectro for a second time. This is one of the unusual industrial technology companies that performed well through the financial crisis and recession. We wish them all the best in their new partnership with SFW.”

About QinetiQ North America
QinetiQ is a leading provider of research and engineering services mainly for the aerospace, defense, and security industries in over 40 countries. The services provided by QinetiQ push technological development in areas including aviation, defense, energy, IT, and space exploration. QinetiQ is based in the UK, US, and Australia.