May 20, 2019 (Charlotte, NC) – Bundy Group, a boutique investment bank focused on the advisory needs of clients for over 30 years, announces that it has advised Dorsett Technologies (Dorsett) in connection with its sale to an investment entity backed by Midwest Mezzanine Funds (MMF) and MC Controls, an infrastructure company owned by Mason Miller, an operating executive with experience in the energy and infrastructure markets. Dorsett Technologies provides industry-leading Supervisory Control and Data Acquisition (“SCADA”) technology systems used to monitor water, wastewater, stormwater, energy management, air quality, security, and intelligent business controls. Clint Bundy, Managing Director with Bundy Group, led the transaction.
With more than 40 years of experience in providing controls and automation solutions, Dorsett’s offerings and services allow clients to more effectively monitor their assets, improve productivity, and protect facilities against outside threats.
Tom Dorsett, President of Dorsett Technologies, stated, “Dorsett Technologies is a premier name in the Controls & Automation sector, as our team has worked diligently to build a customer-centric organization with leading technology systems.” He added, “We believe the partnership with MMF and MC Controls will only help Dorsett Technologies to further accelerate its growth and brand in the coming years.”
“The Dorsett transaction is another in a series of recent transactions in the Controls & Automation sector,” commented Clint Bundy. “The Dorsett team has done an outstanding job of building a leading industrial technology organization, and, with Mason Miller added to the senior management team, should realize tremendous growth in the future.”
Dorsett Technologies provides Supervisory Control and Data Acquisition (“SCADA”) technology systems used to monitor water, wastewater, stormwater, energy management, air quality, security and intelligent business controls. The Company’s proprietary InfoScan SCADA system has a proven history of reliability and flexibility with fully integrated hardware and software, which meets clients’ strictest engineering requirements but is still very easy to use and maintain. Dorsett has developed a strong regional reputation in its established markets in the Southern and Western United States, and its customer base includes federal government and military installations, small municipalities, and private industrial clients.
Midwest Mezzanine Funds was founded in 1992 and is based in Chicago, IL. Since inception, Midwest Mezzanine has partnered with private equity firms, independent sponsors, family offices, and management teams to provide over $700 million of junior capital to more than 100 privately-owned, lower middle-market companies throughout the United States. MMF continues to provide customized and flexible financing solutions as it currently invests from its sixth family of funds, which includes MMF VI and MMF VI SBIC. Over its 26+ year history as one of the oldest continually managed mezzanine firms in the United States, MMF has remained committed to the lower middle-market and its reputation as a trusted and dependable partner. From coast to coast, the Principals at MMF have established and grown relationships with sponsors, intermediaries, banks, management teams, and professional service firms. For more information visit: www.mmfcapital.com.
MC Controls, LLC, headed by Mason Miller, invests in established companies in the infrastructure and energy sectors where additional capital, management expertise, and operating resources can accelerate growth, with a focus on aging infrastructure trends. MC Controls invests in the form of buyouts and recapitalizations. Their approach is to establish strong partnerships with management teams and transform middle market companies into market leaders through organic growth and add-on acquisitions.
Bundy Group is a boutique investment bank with offices in Charlotte, NC, New York, NY and Roanoke, VA. The company specializes in representing business owners and management teams in business sales, acquisitions, and capital raises. The 30-year-old firm has closed over 200 transactions across a broad range of industries, including within the Controls & Automation market.
January 1, 2019 (New York, NY)
Bundy Group, a 30-year-old boutique investment bank, has announced the addition of Stewart Carlin as a Director with the firm. Stewart brings more than a decade of experience in financial operations and investment banking advisory to the team at Bundy Group.
Stewart will be leading Bundy Group’s New York office, where he will focus on technology and cybersecurity, complementing Bundy Group’s existing Controls & Automation and Industrial Technology sector coverage, while also expanding the team’s existing area of expertise in Healthcare.
“We have had a relationship with Stewart for a number of years, and we are excited to have him on the Bundy Group team,” says Clint Bundy, Managing Director with Bundy Group. “Our launch of a New York office, led by Stewart, further demonstrates our company’s commitment to growth, industry coverage, and quality client service.”
Prior to joining Bundy Group, Stewart served as Chief Financial Officer of Impesa, where he was an influential leader in driving the financial strategy and capitalizing the company for expansion throughout the United States and Latin America. Over the course of his career, Stewart has fulfilled key strategy roles for growth companies and Fortune 500 companies alike, with corporate finance experience at Johnson & Johnson Innovation, Coty, and Neal Communities. He has also worked with Houlihan Lokey’s Mergers & Acquisitions group advising both public and private clients on strategic M&A transactions.
Stewart graduated from the University of Notre Dame, where he was a member of the Division I ice hockey team. He received a Bachelor of Business Administration in Finance with a minor in political science. Stewart is a CFA® Charterholder, holds the Series 65 securities registration, and is a graduate of the Johnson & Johnson Finance Leadership Development Program.
