In this article for Control Engineering Magazine, Bundy Group notes the nine notable transactions for the month of February, highlighting the positive market trends and acknowledging the various opportunities and strengths within the automation industry.
The automation market continues to experience a tremendous amount of mergers & acquisitions (M&A) and capital markets activity. Drivers of this activity include the growth-oriented nature of the automation market, the consolidation opportunities within the industry, and the strength of many of the companies operating within it. Furthermore, the automation market has attracted a critical mass of strategic buyers and financial sponsors (i.e. private equity groups, family offices, institutional investors) that are looking to own or invest in companies in the industry. From such, Bundy Group closed automation transactions as Ultimation and MR Systems, our team continues to see strong interest from a range of qualified buyers in the automation segment. Further evidence of the robust M&A and capital placement activity in automation is provided in the below list of transactions.
Bundy Group’s current engagements and owner relationships include control system integration, robotics, automated material handling, automation distribution, artificial intelligence, and cybersecurity. This serves as a leading indicator for submarkets our team anticipates closed transactions in over the coming months. We look forward to providing these relevant updates and transaction announcements to Control Engineering magazine readers.
2/13/24
Coesia, through its Company FlexLink, has closed the acquisition of 100% of the share capital of Automation & Modular Components. Automation & Modular Components, LLC. is a manufacturer of material handling automation systems with integrated controls, as well as conveyors for integration into assembly systems and production lines, headquartered in Davinsburg, Mich. Learn more.
2/12/24
HSL Compliance enhances its water safety services with the acquisition of Durham-based technology firm Plexus Innovation. Plexus specializes in IoT technology for remote monitoring solutions in the water safety industry, allowing HSL to promptly detect and resolve issues with expert precision. This acquisition strengthens HSL’s leadership in water safety, ensuring prompt issue resolution and regulatory compliance. Learn more.
2/9/24
BBH Capital Partners, the private equity arm of Brown Brothers Harriman & Co. (BBH), completed a minority equity investment in Wolter Inc. Founded in 1962 and headquartered in Brookfield, WI, Wolter specializes in material handling and industrial productivity equipment. Known for its commitment to enhancing client operations, Wolter’s partnership with BBHCP aims to fuel further growth and innovation. Learn more.
2/7/24
Trystar has acquired Wisconsin-based Macromatic Industrial Controls, Inc. to enhance its monitoring and control portfolio offerings and access to additional industrial customers. Headquartered in Waukesha, Wisconsin, Macromatic engineers and manufactures industrial controls, monitoring, and protection products designed to maintain productivity. Learn more.
1/31/24
Blackford Capital, a leading lower middle market private equity firm, has acquired Data Science Automation, an automation engineering services and training firm with operations in Pittsburgh, Pennsylvania and Cleveland, Ohio, that collaborates with its clients to digitally transform and automate laboratory, product, manufacturing, and test systems and applications. Learn more.
1/29/24
Hollysys Automation Technologies Ltd. has agreed to be acquired by a buyer controlled by Ascendent Capital Partners, a Hong Kong-based investment firm. The Special Committee of Hollysys unanimously recommended shareholders vote in favor of the acquisition due to Ascendent’s compelling offer and fully financed proposal. This acquisition reflects Ascendent’s strategic interest in investing in the technology sector. Learn more.
1/25/24
Dynamysk Automation Ltd., a leading provider of instrumentation, controls, and electrical solutions, is pleased to announce its acquisition by Allnorth Consultants Limited, known as Allnorth. Dynamysk, a Canadian company, specializes in delivering fully integrated lifecycle solutions in industrial instrumentation, controls, and electrical disciplines. Learn more.
1/24/24
Rhino Tool House, a leading value-added distributor of intelligent fastening solutions, customized material handling solutions and calibration services to OEMs, has acquired Power Tools & Supply, Inc. Based in Walled Lake, Michigan, Power Tools & Supply has been providing a wide range of assembly tools and material handling solutions to automotive and automation integration customers since 1989. Learn more.
1/23/24
Angeles Equity Partners LLC, a middle-market private equity investment firm focused on the industrial sector, has acquired Acieta LLC, a Waukesha, Wis.-based robotics manufacturer and integrator, from Mitsui & Co. Inc. The terms of the transaction weren’t disclosed. Learn more.
Bundy Group is a boutique investment bank that specializes in representing controls and automation, Internet of Things, and cybersecurity companies in business sales, capital raises, and acquisitions. Over the past 33 years, Bundy Group has advised and closed on over 250 transactions, which includes numerous automation-related transactions. You can learn more at www.bundygroup.com or by contacting Clint Bundy.
