Automation mergers, acquisitions, capital markets analysis: May 2024

The Bundy Group reported 11 automation transactions in the month of May. Analysis on the acquisitions and reports are highlighted below.

By Clint Bundy May 23, 2024
Courtesy: CFE Media and Technology

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.

May 2024 automation transactions

5/15/24

Motion Industries, Inc., a leading distributor of maintenance, repair and operation replacement parts, and a premier provider of industrial technology solutions, signed a definitive purchase agreement to acquire Allied Circuits, an electrical and automation firm. The transaction is expected to close later this month, subject to customary closing conditions. Learn more.

5/14/24

HG Automation, a Grand Rapids, MI-based automation company, acquired Treva Automation, a Lake Orion, MI-based provider of services for automated solutions. Founded in 2008, Treva Automation is a leader in controls applications, mechanical design and build, software development, and integration services for automated solutions. The company has provided engineering, mechanical design and build/integration of small to medium-sized automation cells. Learn more.

5/9/24

Tetra Tech, Inc. a leading provider of high-end consulting and engineering services, has expanded its digital water and energy practices with the acquisition of Convergence Controls & Engineering, an industry leader in process automation and systems integration solutions. Convergence’s expertise includes customized digital controls and software solutions, advanced data analytics, cloud data integration, and cybersecurity applications. Learn more.

5/6/24

Innovative Motion Technologies, a leading industrial technology platform specializing in interface and control solutions, has closed the acquisition of Check Technology, a pioneer in flexible heating systems. The acquisition enhances IMT’s strategic position in the healthcare, agriculture, and off-road vehicle markets. Learn more.

5/2/24

GrayMatter, a top Industrial Intelligence technology solution provider, is accelerating its expansion with a significant investment from Tailwind Capital, a private equity firm focused on investments in growth-oriented, middle-market services companies. This partnership comes at a pivotal time for GrayMatter. Learn more.

5/1/24

WTWH Media has acquired CFE Media, enhancing its editorial excellence, expanding its reach to technical engineers and industry executives, and bolstering its B2B marketing capabilities, alongside the recent acquisition of Engineering.com. This partnership strengthens WTWH Media’s ability to support B2B marketers in reaching the right audience at the right time. Learn more.

5/1/24

Motion & Control Enterprises has acquired General Machinery Company, Inc. Founded in 1908 and based in Birmingham, AL, with locations in Mobile and Madison, AL, GMC is a distributor of automation & electrical products, process pumps, compressed air products, and related repair services to end-user and OEM customers in Alabama, northwest Florida and eastern Mississippi. Learn more.

4/23/24

FieldComm Group and FDT Group are pleased to announce the completion of a term sheet outlining a plan to create a single business aimed at advancing integration technology and harmonizing control system applications across multiple protocol topologies supporting both process and factory automation. Learn more.

4/22/24

United Enertech, Inc. headquartered in Chattanooga, Tennessee, and a leading designer, developer, and manufacturer of mechanical and architectural air movement and control products, primarily serving the commercial, industrial, and power generation markets, has been successfully sold by DalFort Capital Partners to Soler & Palau Ventilation, Inc. Since 2016, United Enertech has expanded through four acquisitions under DFCP’s ownership, solidifying its position in the market. Learn more.

4/15/24

Resideo Technologies, Inc. a leading manufacturer and distributor of technology-driven products and solutions, and Snap One Holdings Corp. a leading provider of smart-living products, services, and software to professional integrators, had a definitive agreement pursuant to which Resideo has agreed to acquire Snap One for $10.75 per share in cash, for a transaction value of approximately $1.4 billion, inclusive of net debt. Learn more.

4/3/24

Sammons Warehouse Solutions, a provider of warehousing, racking, and storage solutions, and Precision Warehouse Design, a full-service warehouse automation integrator, announced the signing of a transformative partnership that brings together SWS’s and PWD’s respective expertise, capabilities, and resources. 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.