Dickinson Williams advises on the sale of Sauls Seismic and Nomis Seismographs

Dickinson Williams & Company served as the exclusive financial advisor to Sauls Seismic, LLC (“Sauls”) and Nomis Seismographs, LLC (“Nomis”), portfolio companies of Lazarus Capital Partners, in their sale to Benford Capital Partners (“Benford Capital”).

Sauls and Nomis provide industrial technology and service solutions to help customers in the quarrying, construction/infrastructure, and mining sectors meet regulatory requirements and mitigate risks pertaining to their operations and projects.

Hewes Hull, Managing Partner at Lazarus Capital Partners, stated, “We have worked with Dickinson Williams on multiple engagements over the years, and their professionalism and expertise in the middle market are a true value add to us. We are grateful for their assistance, and we enjoy the relationship with the firm more each time we work with them.”

Commenting on the new investment, Benford Capital Managing Director Edward Benford added, “We are thrilled to partner with the Sauls and Nomis teams to build a larger seismic and environmental monitoring services platform. This is BCP’s 6th Industrial Technology platform, and we look forward to leveraging our collective experience scaling successful companies and being a value-added partner to this experienced team.”

“We enjoyed the opportunity to work with Lazarus and the management teams at Sauls and Nomis to identify the right partner to support the continued growth and diversification of the companies, both organically and through targeted acquisitions in the test and measurement equipment and services space,” said Harold Williams, Managing Director of Dickinson Williams.

Maynard Cooper & Gale served as legal counsel to Lazarus Capital Partners, Sauls, and Nomis.

About Sauls Seismic and Nomis:

Headquartered in Birmingham, Alabama, Sauls provides a broad range of outsourced continuous seismic and environmental monitoring services through a contract-based, hardware-as-a-service (“HaaS”) business model. The company also provides pre- and post-blast inspections, public relations, complaint handling, and blasting claims consulting to its customers. Nomis, which is also headquartered in Birmingham, manufactures seismic monitoring equipment that monitors ground vibrations and air overpressure. Nomis also provides aftermarket calibration and repair services for the equipment. The equipment and services of the companies are relied upon by customers in the quarrying, construction/infrastructure, and mining sectors to comply with regulatory requirements, provide liability protection, and optimize operating performance.

About Benford Capital Partners:

Founded in 2004, Benford Capital is a Chicago-based private equity firm focused on buying and building leading lower middle market companies in partnership with founders and management. Since inception, Benford Capital has acquired 30 companies, including several add-on acquisitions, and currently owns 13 platform companies. Industry areas of focus include industrial technology, consumer products and food, B2B e-commerce, and agricultural products and services. For more information, please visit

About Dickinson Williams & Company:

Dickinson Williams & Company is an independent investment banking firm led by industry veterans with over 80 years of combined investment banking, financing, and operating experience. The firm provides objective, experience-based advisory services to lower middle market companies with enterprise values up to $150 million. The firm provides sell-side, buy-side, private placement, recapitalization, and strategic advisory services to family and closely held businesses, corporations, and private equity groups, and has a broad cross-section of transaction and industry experience in the industrials, business services, distribution, healthcare, and consumer sectors.

John C. Dickinson
Managing Director

James A. Gilmore
Managing Director

Harold J. Williams III
Managing Director

Recent News


Dickinson Williams advises STARC Systems

Dickinson Williams & Company served as the exclusive financial advisor to STARC Systems, Inc. (“STARC” or the “Company”), a manufacturer…


Dickinson Williams advises on the recapitalization of Brandito, LLC

Dickinson Williams & Company served as the exclusive financial advisor to Brandito, LLC (“Brandito” or the “Company”), a leading marketing…


Dickinson Williams advises on the sale of Automotive Parts and Services Holdings

Dickinson Williams & Company served as the exclusive financial advisor to Automotive Parts and Services Holdings, LLC (“APSH”), an online…