System integrator advised in sale to energy company
VINCI Energies acquired industrial automation system integration firm Avanceon in a sale advised by Bundy Group, an investment bank.
Bundy Group, an industry-focused investment bank, announced it has advised Avanceon, an industrial automation systems integration firm, in a sale to VINCI Energies, an international operator of energy technology dedicated to accelerating energy transition and digital transformation. The transaction was led by Clint Bundy, managing director with Bundy Group.
Avanceon, founded in 1984, is a full-service industrial automation systems integrator with a diverse background in successful system implementation for a broad spectrum of industries. The firm employs a wide range of control, computing, network and software technologies, which include project management, controls system design, system integration and manufacturing IT services.
Bundy said, “Bob Zeigenfuse and his management team have built an outstanding organization, which has serviced clients across the globe, over the past 38 years, and the Bundy Group team was pleased to advise Avanceon in a sale. Under the VINCI Energies umbrella, Avanceon will have the opportunity to further accelerate its growth and expand its proprietary technology offerings to an even broader geographic customer base.”
Zeigenfuse, president and owner of Avanceon, commented, “I engaged Clint and the Bundy Group team because of our long-time relationship and their 15-year track record in the automation, system integration and technology sectors.”
Bundy Group has significant experience in the automation, technology and business services sectors, and has previously advised clients including MR Systems, GrayMatter, Dorsett Controls, and Custom Controls Unlimited, among others.
– Edited from a Bundy Group press release by CFE Media and Technology. Bundy Group and Avanceon are CFE Media and Technology content partners.