The Bundy Group reported 14 automation transactions in its December 2024 summary. Analysis on the acquisitions and reports are highlighted below including transactions from FloWorks International, Control Specialists, DwyerOmega and Revere Control Systems.
Bundy Group, an investment bank and advisory firm that specializes in the automation segment, provides an update on mergers and acquisitions and capital placement activity for this industry, including the following report of 14 December 2024 transactions involving FloWorks International, Control Specialists, DwyerOmega and Revere Control Systems, among others. Technologies involved include robotics, process sensing, industrial AI, automation services, instrumentation, flow control, industrial cloud and edge software.
Bundy Group said, “The automation market continues to experience a tremendous number of mergers and 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 (such as private equity groups, family offices and 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 the coming months.
Bundy noted the following 14 transactions related to automation, controls or instrumentation in its December summary.
Ecolab acquired Barclay Water Management, Nov. 5, 2024
Ecolab acquired Barclay Water Management, a provider of water safety and digital monitoring solutions for industrial and institutional customers, primarily in the northeastern U.S. Barclay specializes in differentiated water safety solutions, including the Barclay iChlor Monochloramine System for Legionella bacteria treatment, improving water quality, extending asset life and offering continuous monitoring and control of water chemistry.
New Asia Holdings acquired Machfu, Dec. 12, 2024
New Asia Holdings Inc. completed its acquisition of Machfu Inc. under a plan and agreement of reorganization. Machfu is a developer and manufacturer of cloud and edge software solutions designed for emerging industrial IoT applications, combined with low-power, ruggedized Bluetooth IoT gateways, seamless sensor connectivity and solar-powered solutions. Machfu Inc. has become a wholly owned subsidiary of New Asia Holdings.
Qualcomm Ventures & Supernova Invest leads investment in ANYbotics, Dec. 12, 2024
ANYbotics, a provider of AI-driven robotic inspection solutions, has raised an additional $60 million, bringing its total funding to over $130 million. The round was led by Qualcomm Ventures and Supernova Invest, with participation from TDK Ventures and other investors. The funding will support the company’s global scaling, including its recent expansion in the U.S., to meet the growing demand for industrial inspection robots and enhance its service delivery and integrations worldwide.
Oak Hill Advisors arranged a refinancing for FloWorks International, Dec. 11, 2024
FloWorks International LLC, a leading distributor of critical flow control products and a portfolio company of Wynnchurch Capital, has successfully completed a refinancing. The refinancing, which will support future acquisitions, was arranged with Oak Hill Advisors acting as the Administrative Agent and Lead Left Arranger for the private unitranche facility.
Altus Capital Partners acquired Air Innovations, Dec. 4, 2024
Altus Capital Partners has acquired Air Innovations, a manufacturer of environmental control units (ECUs) for the wine, aerospace, semiconductor, homeland security and health care markets. The company offers custom-built solutions and a broad portfolio of branded standard products. Financial terms of the transaction were not disclosed.
Motion & Control Enterprises acquired North East Technical Sales, Dec. 2, 2024
https://mceautomation.com/about/news/acquisition-announcement-north-east-technical-sales-inc-
Motion & Control Enterprises has acquired North East Technical Sales Inc., a value-added distributor of instrumentation and control solutions for industrial and municipal customers. Founded in 1973 and based in Harleysville, Pennsylvania, NETS serves customers across multiple states, including New York, Pennsylvania, New Jersey, Delaware, Maryland, West Virginia and Virginia, and will continue under its current name and leadership.
Arlington Capital Partners acquired TEAM Technologies, Nov. 25, 2024
Arlington Capital Partners has acquired Team Technologies, a leading global manufacturer of health care products, from Clearlake Capital Group. Team Technologies provides a wide range of outsourced design and manufacturing services to medical device and pharmaceutical original equipment manufacturers (OEMs), with a growing focus on advanced medical devices that play a critical role in health care systems.
Nova agreed to acquire Sentronics Metrology, Nov. 27, 2024
Nova has entered into a definitive agreement to acquire Sentronics Metrology, a privately held company headquartered in Mannheim, Germany, in an all-cash transaction valued at approximately $60 million. The acquisition is subject to customary closing and regulatory conditions and is expected to close within the first quarter of 2025, with the company anticipating it will be accretive on a non-generally accepted accounting principles (GAAP) basis within 12 months of closing.
Thought Logic Consulting aquired eCapital Advisors, Sept. 13, 2024
https://hl.com/about-us/transactions/ecapital-thought-logic-renovus-capital
Houlihan Lokey announced that eCapital Advisors has been acquired by Thought Logic Consulting, a portfolio company of Renovus Capital Partners. The transaction closed on Sept. 13, 2024. Founded in 2001, eCapital is a management consulting firm specializing in advisory and transformation, performance management, data and analytics and intelligent automation services, delivering enterprise-grade solutions to empower strategic decisions across a diverse range of industries.
Teradyne Robotics Ventures, Toyota Ventures, Ranpak, Third Kind Venture Capital, One Madison Group, Hyperplane and Catapult Ventures provide capital to Pickle Robot, Nov. 22, 2024
Pickle Robot Co., a provider of physical AI for robotic truck unloading systems, has raised $50 million in Series B funding from investors including Teradyne Robotics Ventures, Toyota Ventures, Ranpak and others. The company also announced orders for over 30 production robots from six customers, set for deployment in the first half of 2025.
FloWorks International acquired Applied Controls, Nov. 22, 0224
FloWorks International LLC, a Wynnchurch Capital portfolio company and distributor of critical flow control products, acquired Applied Controls LLC and AC Systems Integration LLC. Based in Tulsa, Oklahoma, Applied Controls provides industrial process controls and analyzer systems to a diverse range of industrial end markets.
DwyerOmega acquired Process Sensing Technologies, Nov. 21, 2024
DwyerOmega, a portfolio company of Arcline Investment Management, has acquired Process Sensing Technologies (PST), a UK-based provider of measurement instrumentation and monitoring solutions. The acquisition significantly enhances DwyerOmega’s sensing and instrumentation portfolio, strengthens its global market position and broadens its capabilities across key parameters, including moisture, gas, level and flow.
Relevant Industrial acquired Control Specialists, Nov. 14, 2024
Relevant Industrial, a provider of industrial solutions, has acquired Control Specialists, LLC, a trusted provider of process instrumentation, control systems and specialized industrial services based in Evansville, Indiana. Effective Nov. 6, the acquisition enhances Relevant Industrial’s ability to deliver comprehensive solutions across industries such as renewable energy, semiconductor, refining, petrochemical, OEM and food processing.
SJE acquired Revere Control Systems, Nov. 11, 2024
https://sjeinc.com/sje-acquires-revere-control-systems
SJE, a provider of control solutions for the water industry, has acquired Revere Control Systems, a premier provider of turnkey controls and automation solutions. Founded in 1980, Revere offers engineering services, including design, networking and programming, with expertise in municipal water and industrial automation. The acquisition enhances SJE’s capabilities and expands its control solutions offerings.
ONLINE extra: 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.
Clint Bundy is managing director, Bundy Group, which helps with mergers, acquisitions and raising capital. Edited by Mark T. Hoske, editor-in-chief, Control Engineering, WTWH Media, [email protected].
ONLINE
Control Engineering provides more information about automation and industries applying automation.
See the November automation mergers and acquisitions article here:
Latest automation mergers, November 2024: Control valves, robotics, simulation
