Automation mergers, acquisitions, capital markets analysis: June 2024

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

By Clint Bundy June 27, 2024
Courtesy: WTWH Media

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.

June 2024 automation transactions

6/3/24

Thermal Technology Distribution Solutions has acquired Southwest Heater and Controls (SWHC), a Dallas-based distributor of industrial electric heaters, sensors, controls, and technical support. Led by Chris and David Hawkins, SWHC’s management team will stay with the company and retain a significant equity stake. The acquisition strengthens TTDS’s position in the industry. Learn more.

6/3/24

Motion & Control Enterprises has acquired Ives Equipment Corporation. Founded in 1954 and based in King of Prussia, PA, Ives is a distributor of process valves and instrumentation solutions. It serves various markets, including industrial gas, federal and defense, engineering and construction, food manufacturing, and pharma and biotech, across eastern and central Pennsylvania, Delaware, Maryland, southern New Jersey, Washington D.C. and Virginia. Learn more.

5/24/24

Tinicum, L.P. and affiliated funds managed by Tinicum Incorporated  has acquired a controlling interest in KGM from Compass Group Equity Partners. Headquartered in Tulsa, Oklahoma, KGM is a leading value-added distributor of natural gas products, including control valves and instruments, to utilities and commercial & industrial customers. Learn more.

5/24/24

South Korea’s service robot company Everybot Inc. acquired AI robot mobility specialist hyCore to expand into the personal mobility sector. Everybot, a company listed on the Kosdaq, said on Monday that it secured management rights by acquiring 947,250 shares or 31.8% stake in hyCore. Learn more.

5/15/24

ATS Corporation a leading automation solutions provider, has entered into a definitive agreement to acquire Paxiom Group, a provider of primary, secondary, and end-of-line packaging machines in the food and beverage, cannabis, and pharmaceutical industries. Founded in 1978, ATS employs over 7,000 people at more than 65 manufacturing facilities and over 85 offices in North America, Europe, Southeast Asia and Oceania. 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.


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