Plant engineering, manufacturing M&A: February 2024

Bundy Group reported seven automation transactions in the month of February. Analysis on the acquisitions and reports are highlighted below.

By Clint Bundy February 29, 2024
Courtesy: CFE Media and Technology

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.

February 2024 automation transactions

2/9/24

BBH Capital Partners, the private equity arm of Brown Brothers Harriman & Co. (BBH), completed a minority equity investment in Wolter Inc. Founded in 1962 and headquartered in Brookfield, WI, Wolter specializes in material handling and industrial productivity equipment. Known for its commitment to enhancing client operations, Wolter’s partnership with BBHCP aims to fuel further growth and innovation. Learn more.

2/7/24

Trystar has acquired Wisconsin-based Macromatic Industrial Controls, Inc. to enhance its monitoring and control portfolio offerings and access to additional industrial customers. Headquartered in Waukesha, Wisconsin, Macromatic engineers and manufactures industrial controls, monitoring, and protection products designed to maintain productivity. Learn more.

1/31/24

Blackford Capital, a leading lower middle market private equity firm, has acquired Data Science Automation, an automation engineering services and training firm with operations in Pittsburgh, Pennsylvania and Cleveland, Ohio, that collaborates with its clients to digitally transform and automate laboratory, product, manufacturing, and test systems and applications. Learn more.

1/29/24

Hollysys Automation Technologies Ltd. has agreed to be acquired by a buyer controlled by Ascendent Capital Partners, a Hong Kong-based investment firm. The Special Committee of Hollysys unanimously recommended shareholders vote in favor of the acquisition due to Ascendent’s compelling offer and fully financed proposal. This acquisition reflects Ascendent’s strategic interest in investing in the technology sector. Learn more.

1/25/24

Dynamysk Automation Ltd., a leading provider of instrumentation, controls, and electrical solutions, is pleased to announce its acquisition by Allnorth Consultants Limited, known as Allnorth. Dynamysk, a Canadian company, specializes in delivering fully integrated lifecycle solutions in industrial instrumentation, controls, and electrical disciplines. Learn more.

1/24/24

Rhino Tool House, a leading value-added distributor of intelligent fastening solutions, customized material handling solutions and calibration services to OEMs, has acquired Power Tools & Supply, Inc. Based in Walled Lake, Michigan, Power Tools & Supply has been providing a wide range of assembly tools and material handling solutions to automotive and automation integration customers since 1989. Learn more.

1/23/24

Angeles Equity Partners LLC, a middle-market private equity investment firm focused on the industrial sector, has acquired Acieta LLC, a Waukesha, Wis.-based robotics manufacturer and integrator, from Mitsui & Co. Inc. The terms of the transaction weren’t disclosed. Learn more.


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