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Emerson sells subsidiary to New York firm

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FERGUSON ― Emerson is selling its Daniel Measurement and Control business to a New York-based investment firm, the companies announced Monday.

Turnspire Capital Partners plans to operate the Houston-based business as an independent company. Daniel provides flow and energy measurement products for the oil and gas industry.

Emerson is focusing its portfolio on data-rich, software-enabled technologies, the company said in a statement.

The deal is expected to close in the third quarter and includes Daniel’s intellectual property, personnel, a factory in Chihuahua, Mexico, and other facilities.

It does not include Daniel’s ultrasonic flowmeter or fiscal transfer system businesses.

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