Automation mergers, acquisitions, capital markets analysis: June 2023

The Bundy Group reported 15 automation transactions in the month of June. Analysis on the acquisitions and reports are highlighted below.

By Clint Bundy June 29, 2023
Courtesy: Bundy Group

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.

Spring 2023 is continuing to show strength and consistency in terms of mergers & acquisitions and capital placement activity in the automation market. Companies that were recently involved in transactions had such capabilities as control system integration, artificial intelligence, automation products distribution, and manufacturers of custom motion control solutions.

Transactions to note through Spring 2023 include AMETEK’s acquisition of Bison Gear, Durr Group’s acquisition of BBS Automation, Blackford Capital’s acquisition of PACIV, Motion & Control Enterprises (MCE) simultaneous acquisition of Power & Pumps and Industrial Control Services, and Parkway Venture Capital’s investment in Figure. This credible list of buyers and investors highlights the attractiveness of the automation market.

Bundy Group’s current engagements and owner relationships include control system integration, 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.

The Bundy Group reported 15 automation transactions in the month of June. Courtesy: Bundy Group

The Bundy Group reported 15 automation transactions in the month of June. Courtesy: Bundy Group

June 2023 automation transactions


North Branch Capital has made an investment in ControlByWeb. Headquartered in Nibley, UT, CBW is a premier designer and manufacturer of Industrial Internet of Things control products and systems used to remotely collect, send, monitor, and act on data acquired from various environments. CBW is a leader in the IIoT control market with a product offering focused on engineering excellence. Learn more.


IFS has completed the acquisition of Poka, a market-leading provider of a connected worker platform based in Quebec. Poka’s platform empowers factory and field workers by enhancing their efficiency through training, troubleshooting, and development capabilities. This acquisition enables businesses to globally measure productivity across machinery and operators, gaining valuable insights into profitability, while also supporting compliance and safer working conditions as part of their ESG goals. Learn more.


BP3 Global, a leader in designing and delivering business process automation solutions, has completed the acquisition of Cape Town based Intelligent Automation consultancy DigiBlu. The acquisition enables the combined organization to address the rapidly growing client demand for Intelligent Automation services in North America, Europe and Southern Africa. Learn more.


Advanco, established as a global pharmaceutical and life sciences track and trace solutions provider, acquired manufacturing automation specialist Vantage Consulting Group. The company will continue to be called Advanco, with an enlarged client portfolio of over 100 blue chip clients. This means it is now the world’s largest independent provider of serialization solutions for the pharmaceutical and life sciences sector. Learn more.


MiddleGround Capital, an operationally focused private equity firm that makes control investments in middle market manufacturing B2B industrial and specialty distribution companies globally, has acquired A.M. Castle & Co. a leading provider of metals, services, and supply chain solutions serving industrial and aerospace customers. Learn more.


Flow Control Holdings, a portfolio company of Audax Private Equity and leading provider of sanitary-flow components to the pharmaceutical, food, and beverage end markets, has acquired the U.S. operations of Strahman Holdings, Inc. Strahman is a leading manufacturer of washdown equipment, sampling valves, and valve automation products to the pharmaceutical, F&B, and industrial end-markets. Learn more.


Ecoplant, an Israeli startup that develops new technologies to increase energy efficiency and thereby reduce air pollution, is acquired by the major American industrial corporation Ingersoll Rand. Ingersoll Rand is a global provider of innovative and mission-critical air, fluid, energy and medical technologies, providing services and solutions to increase industrial productivity and efficiency. Learn more.


EQT Mid Market Europe and EQT Mid Market Asia III have agreed to sell BBS Automation to MDAX-listed Dürr Group. Headquartered in Munich, Germany, BBS Automation helps companies automate their production processes and reduce energy consumption, waste and downtime, allowing customers to meet rapidly growing cost and sustainability demands. Learn more.


Percepto, the leading autonomous inspection and monitoring solution provider, announced a combined $67M Series C in equity and debt funding, led by Koch Disruptive Technologies (KDT), alongside new investors Zimmer Partners and one of the largest U.S. energy companies. Learn more.


Q-SYS, a division of QSC LLC, acquired Seervision, a Swiss-based industry pioneer in AI-driven camera automation software. The acquisition accelerates the Q-SYS strategy to develop and deliver a scalable and flexible software platform with intelligent audio, video and control technology that supports integration with leading unified communications & video conferencing applications in the era of post-pandemic hybrid work. Learn more.


LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, portfolio company, Accelevation LLC acquired Instor Solutions, Inc. Instor is a data center equipment integrator, focused on low-voltage electrical equipment build out and installation. Learn more.


Motion & Control Enterprises acquired Industrial Control Services, based in Zeeland, MI, is a value-added distributor of specialty automation products, including robotics, motion control, machine vision, barcoding systems, controls & networking, and safety solutions. Learn more.


Motion & Control Enterprises acquired Power & Pumps, headquartered in Jacksonville, FL, is a distributor of pumps, drives, blowers, vacuum, and power transmission products to municipal and industrial customers in Florida and Georgia. P&P is also the master distributor in North America for All Prime Pumps, a line of self-priming pumps sold to municipal and industrial end-users and resellers. Learn more.


Blackford Capital, a leading lower middle market private equity firm, acquired PACIV which specializes in industrial automation solutions. PACIV is a leading full-service provider of industrial process automation and systems integration primarily for manufacturers in the pharmaceutical and life sciences industries. Learn more.


AMETEK, Inc. acquired Bison Gear & Engineering Corp. (Bison), a leading manufacturer of highly engineered motion control solutions serving diverse markets and applications. Bison designs and manufactures custom motion control solutions for use in demanding and high precision applications within the automation, power, food and beverage, and transportation markets. 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 or by contacting Clint Bundy.

Author Bio: Clint Bundy is managing director, Bundy Group, which helps with mergers, acquisitions and raising capital.