In this article for Plant Engineering Magazine, Bundy Group kicks off the new year by recounting the seven automation transactions of January and analyzing key driving forces behind the continued increase in capital market activity.
The automation and industrial technology markets continue 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 and industrial technology markets, the consolidation opportunities within these industries, and the strength of many of the companies operating within them. Furthermore, the automation and industrial technology sectors have 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 industries. From such, Bundy Group closed transactions as Ultimation and Industrial Electric Machinery, our team continues to see strong interest from a range of qualified buyers in the automation, industrial technology and plant management segments. Further evidence of the robust M&A and capital placement activity is provided in the below list of transactions.
Bundy Group’s current engagements and owner relationships include control system integration, automated material handling, automation distribution, industrial services, and electrical services. This serves as a leading indicator for industries our team anticipates closed transactions in over the coming months. We look forward to providing these relevant updates to Plant Engineering magazine readers.
1/9/24
Hastings Equity Partners, a preferred capital partner to founders of lower middle market businesses has acquired JSET Automated Technologies.Founded in 2020 by Eric Tyo and John Sloan, JSET specializes in building automation systems, installation and repairs, and electronic engineering services for data centers. Learn more.
1/9/24
Investcorp, a leading global alternative investment firm, acquired Best in Class Technology Services. BCTS is a leading provider of HVAC, electrical and plumbing maintenance, repair and replacement services for critical end markets including industrial, medical, education and commercial. Learn more.
1/8/24
GenNx360 Capital Partners announced GenServe’s acquisition of the commercial division of Austin Welder & Generator Service, Inc. In addition to the commercial division, the Company has a residential division, which was excluded from the transaction. GenServe is a portfolio company of GenNx360 Capital Partners, a New York-based private equity firm investing in middle market business services and industrial companies. Learn more.
1/8/24
V2X pioneer Danlaw has acquired Australia-based competitor Cohda Wireless, marking a significant milestone in Danlaw’s global expansion initiative, aimed at advancing connected vehicle safety and smart city solutions. Learn more.
1/8/24
Card-Monroe Corp. has acquired Greenville, South Carolina-based automation company Everworks Automation in what proves to be a strategic step forward for both companies. Card-Monroe Corp, based out of Chattanooga, Tennessee, is a leader in tufting technology. Learn more.
12/19/23
First Reserve, a leading global private equity investment firm exclusively focused on investing across diversified energy, infrastructure, and general industrial end-markets, has acquired AP Group LLC a global full-service provider of critical power plant and turbomachinery maintenance services. Financial terms of the transaction were not disclosed. Learn more.
12/1/23
Argosy Private Equity, a lower middle market private equity firm, acquired a controlling interest in Wize Solutions. Wize is a full-service warehouse racking, automation, and lock & door installation company. Founded in 2007 and based in Salt Lake City, Utah, Wize serves manufacturers and distributors across all 50 states as well as Canada, Mexico, Japan and Australia. Learn more.
