Plant engineering, manufacturing M&A: December 2023
Bundy Group reported nine automation transactions in the month of December. Analysis on the acquisitions and reports are highlighted below.
Bundy Group, an investment bank and advisory firm that specializes in the automation, industrial technology and plant management sectors, provides an update on mergers & acquisitions and capital placement activity for these markets.
The automation and industrial technology markets continue 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 and industrial technology markets, the consolidation opportunities within these industries, and the strength of many of the companies operating within them. Furthermore, the automation and industrial technology sectors have 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 industries. From such, Bundy Group closed transactions as Ultimation and Industrial Electric Machinery, our team continues to see strong interest from a range of qualified buyers in the automation, industrial technology and plant management segments. Further evidence of the robust M&A and capital placement activity is provided in the below list of transactions.
Bundy Group’s current engagements and owner relationships include control system integration, automated material handling, automation distribution, industrial services, and electrical services. This serves as a leading indicator for industries our team anticipates closed transactions in over the coming months. We look forward to providing these relevant updates to Plant Engineering magazine readers.
December 2023 automation transactions
BECO Holding Company, an H.I.G. Capital Portfolio Company, has finalized the acquisition of Grease Lock. Developed in 2004, Grease Lock is an innovative product line designed to capture up to 98% of airborne kitchen grease, streamlining hood maintenance and enhancing fire safety in commercial kitchens. Learn more.
BECO Holding Company, an H.I.G. Capital Portfolio Company, has successfully acquired Electronic Supply Company. Headquartered in Mobile, AL, Electronic Supply Company, established in 1956, is a top wholesale distributor of low voltage and security products, offering monitoring station services through seven locations in the Southeastern United States. Learn more.
Tower Arch Capital has formed S&N Infrastructure Services, LLC in partnership with Allen Powell and the S&N leadership team, to complete the recapitalization of S&N Communications, a Louisa, VA-based specialty infrastructure services provider primarily focused on maintenance, repair, upgrade, and new construction services for communications and electric utilities infrastructure. Learn more.
DwyerOmega, a leading manufacturer and global provider of innovative sensors and instrumentation solutions, acquired Automation Components, Inc., further extending DwyerOmega’s sensor and instrumentation expertise in the building automation and environmental markets. DwyerOmega is a portfolio company of Arcline Investment Management. Learn more.
Shorehill Capital LLC sold Power Grid Components, Inc. to Blackstone Energy Transition Partners, a private equity fund affiliated with Blackstone. Power Grid serves electric utilities, original equipment manufacturers and other customers with mission-critical products used on the U.S. electric utility grid. Learn more.
Motion & Control Enterprises has acquired Filter Resources, Inc., an indirect subsidiary of Parker Hannifin Corporation. Filter Resources, Inc. is a distributor of mission-critical process filtration products for downstream oil and gas, petrochemical, and specialty chemical markets, operating from locations in Lake Charles, LA, and Pasadena, TX. Learn more.
IPS, North America’s leading solution provider for electromechanical equipment, rotating equipment, and power management systems, has acquired Wind Solutions LLC. The company, based in Sanford, North Carolina, specializes in repair upgrades, accessory components, and patent-protected yaw system components. Wind Solutions works with owner-operators and utilities across North America. Learn more.
RLE Technologies, a Fort Collins, CO-based provider of facility environment monitoring, fluid leak detection, and airflow management products, has been acquired by May River Capital, a Midwest-based private equity firm focused on helping high-caliber industrial businesses grow and prosper. Learn more.
Main Street Capital Corporation completed a new portfolio investment to facilitate the recapitalization of Compass Systems & Sales, LLC, a leading provider of end-to-end material handling systems employing innovative, custom-engineered solutions integrated with traditional conveyance systems. Learn more.