Bundy Group, a boutique investment bank focused on the advisory needs of clients for over 31 years, announces that it has advised Custom Controls Unlimited (“CCU”) in a sale to Inframark, LLC, a national infrastructure services company focused on the operation and maintenance of water and wastewater systems, management of community infrastructure, and back-office services. Headquartered in Raleigh, NC, CCU is an industry-leading control systems integrator with focus on the Water & Wastewater market as well as several other mission-critical industries.
Founded in 2000, CCU is led by Devin Carroll and a talented group of engineering and technology-oriented professionals that have experience offering clients with industrial automation and process control solutions. CCU was focused on partnering with a larger strategic platform that could support CCU in its continued growth and expansion in the Water & Wastewater market.
Regarding the transaction, Devin Carroll stated, “Custom Controls is a leading automation solutions provider to clients over the past twenty years, and we are excited to further our growth through this new affiliation with a strategic provider in the infrastructure space.” Devin further added, “We have a strong pipeline of new client opportunities, and both CCU’s management and the new strategic partner project increasing market demand for the controls and automation solutions that our organization offers.”
After transaction close, the CCU management team will remain in place and continue to run the operations as a subsidiary of the new parent company.
The Custom Controls Unlimited transaction represents the second Controls & Automation and Water & Wastewater deal Bundy Group has closed in the past year.
About Custom Controls Unlimited
Founded in 2000 and headquartered in Raleigh, NC, Custom Controls Unlimited is a leading control systems integrator, primarily for the Water& Wastewater sector. CCU’s offerings include industrial automation systems, process control systems, cybersecurity solutions, and industrial control panel design and manufacturing.
About Inframark
Inframark, LLC is a standalone American infrastructure services company focused on operation and maintenance of water and wastewater systems, management of community infrastructure, and back-office services.
With more than 40 years of experience in managing water-related infrastructure, the company employs in excess of 1,500 people serving more than 300 clients in 19 states. Its North American operations manages facilities that can treat over a billion gallons of drinking water and wastewater daily. It also manages more than 8,000 miles of wastewater collection and water distribution networks. Its infrastructure management services group serves 220 clients with financial, administrative and specialized support services.
About Bundy Group
Bundy Group is a boutique investment bank with offices in Charlotte, NC; New York; and Roanoke, VA. The company specializes in representing business owners and management teams in business sales, acquisitions, and capital raises. The 31-year-old firm is an investment banking specialist in the Controls & Automation and Water & Wastewater markets. Bundy Group has closed over 250 transactions.
