Automation mergers, acquisitions, capital markets analysis: August 2023
The Bundy Group reported 10 automation transactions in the month of August. 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 mergers & acquisitions and capital markets for the automation market shows no signs of a slowdown as we progress through the back half of the year. Bundy Group successfully closed yet another transaction in the automation sector, as Ultimation was sold to Motion & Control Enterprises, a strategic buyer backed by Frontenac. The sale process was representative of the heightened demand for acquisitions in the automation sector, as Bundy Group generated numerous offers on behalf of our client.
Furthermore, the outcome far surpassed original seller expectations, and the management team has a strong partner in MCE to help accelerate growth.
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.
August 2023 automation transactions
Motion & Control Enterprises has acquired Ultimation Industries LLC, its fourth acquisition of 2023. Headquartered in Roseville, MI, Ultimation provides highly engineered automation and material handling solutions as well as quick-ship distribution of material handling equipment products offered through a robust e-commerce platform to customers across the U.S., Latin America, and Europe. Learn more.
Duravant LLC, a global engineered equipment and automation solutions provider to the food processing, packaging, and material handling sectors, has acquired National Presort, LP (“NPI”), a leading manufacturer of automated parcel sortation systems headquartered in Fort Worth, TX. For 45+ years, NPI boosts e-commerce, courier, and warehouse efficiency with tailored equipment, cutting fulfillment time. Learn more.
Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, and Sequans Communications S.A. a leader in 5G/4G cellular IoT chips and modules, announced that the two companies have signed a memorandum of understanding on a proposed acquisition valued at $249 million. Learn more.
ADP, a global technology company providing human capital management (HCM) solutions, has acquired Honu HR, Inc. DBA Sora (Sora), a low-code intelligent workflow automation and data integration tool that unifies disparate business applications such as HR, IT and other systems and data sets to create a smarter, easier-to-use experience for employees, business owners and HR professionals. Learn more.
Arlington Capital Partners, a Washington, DC-based private equity firm, has acquired Integrated Data Services, Inc. IDS’ co-founders Jerome Murray and James Truhe retained a minority stake in the Company as part of the transaction. Founded in 1997 and headquartered in El Segundo, CA, IDS is a leading provider of software and technology-enabled support and development for federal government customers. Learn more.
Benford Capital Partners had acquired BSC Industries, Inc. in partnership with brothers Jim and Peter Fitzpatrick, who have owned and led the Company for over 30 years. The acquisition of BSC represents the third platform investment in Benford Capital Partners II, LP. Learn more.
Clark-Reliance has acquired John C. Ernst & Co., Inc, a leader in the manufacture and distribution of engineered measurement solutions and process observation equipment for liquid and steam applications. John C. Ernst, headquartered in Sparta, New Jersey, manufactures and distributes sight flow indicators, sight windows, liquid level gauges and flow meter products used by customers in demanding applications across a broad range of end markets. Learn more.
HC Private Investments, a Chicago-based family office private equity firm, successfully acquired QEI, Inc. in partnership with the Company’s former owner and CEO, Normand Lavoie. Headquartered in Springfield, NJ, QEI offers automation products, SCADA software solutions, distribution management systems and related services to its customers in the mass transit, utility and water/wastewater industries. Learn more.
Duravant LLC, a global engineered equipment and automation solutions provider to the food processing, packaging, and material handling sectors, has acquired PPM Technologies from Stonehenge Partners. PPM, based in Newberg, OR, is a top manufacturer of conveyance, coating, and thermal equipment. Learn more.
Parsec Automation Corp, a trailblazer in Manufacturing Operations Management (MOM) software, announced a major recapitalization led by BVP Forge, designed to fuel future growth. Parsec forms dynamic partnerships with manufacturing entities worldwide, sparking pivotal transformations to boost efficiency and drive their ongoing enhancement goals. Learn more.
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.