Bundy Group Advises GrayMatter in its Acquisition of E-Merge Systems

December 31, 2020

Bundy Group, a boutique investment bank focused on the advisory needs of clients for over 31 years, announces that it has advised GrayMatter and its private equity partner, Hamilton Robinson Capital Partners, in its acquisition of Richmond, VA-based E-Merge Systems. "Industrial companies in 2021 are prioritizing projects that were once on the back burner to equip facilities with IoT devices, leverage predictive analytics, and augment industrial cybersecurity," said GrayMatter Co-Founder and CEO James Gillespie. "The addition of E-Merge's capabilities gives us a more complete solution stack from instrumentation, control, industrial networking, and supervisory control, all the way up to analytics and other data solutions. We're also excited about adding an offshore engineering capability and an increased mid-Atlantic presence to our team.”

Furthermore, James added, "Our clients are telling us they want to better prepare their remote, industrial workforces to control costs and production as we move closer to a post-pandemic world."

Based near Pittsburgh, GrayMatter leverages Advanced Industrial Analytics, Industrial Cybersecurity, Brilliant Operations, and other software-as-a-service solutions to help companies transform their operations and empower their people.

E-Merge will add experienced engineers to GrayMatter's workforce and a portfolio of impressive industrial clients such as DuPont, Refresco, Air Liquide, W.L. Gore, and AstraZeneca. Municipal clients include NYC DEP, AlexRenew, Prince William County, Loudoun County, Henrico County, New Kent County, Hanover County, Chesterfield County, Spotsylvania County, and the Virginia cities of Norfolk, Suffolk and Richmond, among others.

Clients in the Water & Wastewater and Manufacturing industries have recognized the expertise at E-Merge since its founding in 1997. Joining with E-Merge's team advances GrayMatter's ability to meet customer demand for end-to-end operational visibility. That means putting powerful, relevant data from the sensor level to the cloud into the hands of decision makers.

E-Merge co-founders Inderdeep Huja and Thomas Lamb will take on key leadership roles under the agreement. In addition to offices in Richmond, Virginia Beach, and Fredericksburg in Virginia, E-Merge has offices in Savage, MD and Newark, DE.

"We're excited to partner with GrayMatter because it means our combined team has the experience to take on any challenge in the Industrial Intelligence and Automation space and the ability to deliver solutions for clients from concept to implementation," Huja said.

For the fifth consecutive year in 2020, GrayMatter earned a spot on Inc Magazine's list of the fastest-growing private U.S. companies.

This is GrayMatter's second acquisition in less than three years. In March 2018, GrayMatter acquired Colorado-based TMMI, Inc. A partnership in late 2017 with Hamilton Robinson Capital Partners, a private equity firm, has accelerated GrayMatter's ability to expand rapidly.

The E-Merge transaction represents the third Controls & Automation and Water & Wastewater deal Bundy Group has closed in the past 18 months.

About GrayMatter
GrayMatter is a technology consulting company that curates and implements digital transformation and cybersecurity solutions for industrial companies and organizations. Some of the biggest, industrial companies in the world lean on GrayMatter to protect and connect their critical assets to their teams so that every operator is empowered to be the best operator. For more information, please visit https://graymattersystems.com.

About Hamilton Robinson Capital Partners
Hamilton Robinson Capital Partners (“HRCO”) is a private equity firm with decades of hands-on experience making control investments in US-based Industrial IoT, process equipment and engineered systems, factory automation, distribution and specialty industrial manufacturing businesses. The Stamford, CT firm has completed over $1.5 billion in transactions supporting over 55 family businesses and corporate divestitures. Investors include leading financial institutions, funds, family offices and individuals in the U.S. and Europe. For more information, please visit https://hrco.com.

About E-Merge Systems
E-Merge Systems is a control systems integration firm that provides engineering and technology services to clients in the Water & Wastewater and Manufacturing industries. The company was founded in 1997 and has locations in Richmond, Virginia Beach, and Fredericksburg in Virginia. For more information, please visit www.emergesystems.com.

About Bundy Group
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 31-year-old firm is an investment banking specialist in the Controls & Automation and Water & Wastewater markets. Bundy Group has closed over 200 transactions.

For additional information, please contact:
Clint Bundy
704-503-9464
clint@bundygroup.com

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