The Bundy Group reported nine automation transactions in the month of July. Analysis on the acquisitions and reports are highlighted below.
Bundy Group, an investment bank and advisory firm, provides an update on mergers & acquisitions and capital placement activity for companies that address the manufacturing and plant management fields.
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.
July 2024 automation transactions
7/11/24
Madison River Capital, a lower middle market private equity firm, announced the completion of a $190 million recapitalization of and $70 million equity investment in JDC Power Systems, a leading electrical systems integrator exclusively serving the data center market. This transaction marks MRC’s second investment in the past seven months, following its spin out from the family office of Tony James, the former Executive Vice Chairman of Blackstone. Learn more.
7/9/24
Accenture has acquired True North Solutions, a provider of industrial engineering solutions headquartered in Calgary, Alberta, to help clients produce and transport energy more safely and efficiently. True North Solutions expands Accenture’s expertise in operational technology (OT) for the oil and gas and mining industries. OT comprises the hardware and software systems companies use to run and control physical equipment and facilities, such as pipelines, refineries, plants and mines. Learn more.
7/8/24
Solara Automation, located in Morrisville, NC, near Research Triangle Park, was acquired by AAE, a leading family-owned high-tech machine and module manufacturer based in Helmond, The Netherlands. Solara Automation has been delivering customized industrial automation solutions for over 20 years. Learn more.
6/25/24
Avtron Power Solutions, a Hidden Harbor Capital Partners portfolio company, and a global leader in load bank test solutions, has acquired Rx Monitoring Services, a prominent provider of power quality monitoring services and commissioning tools. This strategic acquisition marks a significant milestone for Avtron, as it strengthens its position in the data center industry and expands load bank testing capabilities with a focus on commissioning automation. Learn more.
6/24/24
Pacteon Group, a leader in End of Line Packaging Equipment Solutions, announced the successful acquisition of Descon Integrated Conveyor Solutions, a prominent provider of integrated conveyor systems for the food and beverage industry. This strategic move marks a significant milestone in Pacteon’s growth strategy and reaffirms its commitment to product handling expertise. Learn more.
6/21/24
Pacteon Group, a leader in End of Line Packaging Equipment Solutions, has acquired Descon Integrated Conveyor Solutions, a prominent provider of integrated conveyor systems for the food and beverage industry. The acquisition of Descon aligns with Pacteon’s vision to be the one source for end-of-line packaging automation equipment and strengthens its portfolio of offerings. Learn more.
6/20/24
GrayMatter Robotics, an AI-powered robotics leader empowering humans with intelligent automation, announced $45 million in Series B funding. Wellington Management led the round, which also included NGP Capital, Euclidean Capital, Advance Venture Partners, SQN Venture Partners, and other existing investors 3M Ventures, B Capital, Bow Capital, Calibrate Ventures, OCA Ventures, and Swift Ventures. Learn more.
6/19/24
Ace Metal Crafts Company has acquired Genesis Automation, Inc. Now comprised of two independently operating businesses, Ace Metal Crafts Company has two locations in Bensenville, Illinois, while Genesis Automation will continue to operate in St. Charles, Illinois. Genesis Automation remains a single-source, full-service provider of automated system solutions for a wide range of industries. Learn more.
6/3/24
Lincoln Electric has acquired Inrotech A/S. Headquartered in Odense, Denmark, Inrotech is a privately held automation system integration and technology firm specializing in automated welding systems that are differentiated by proprietary adaptive intelligence software and computer vision which guides and optimizes the welding process without the need for programming or the use of CAD files. Learn more.
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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.
