Plant engineering, manufacturing M&A: June 2024

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 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.

June 2024 automation transactions

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.

5/23/24

IPS, a North American leader in servicing, engineering, and remanufacturing electrical, mechanical, and power management assets, has acquired Houghton International. Houghton specializes in the repair and remanufacturing of electric motors, generators, pump systems, and electric coils for customers in the rail, power generation, industrial, water/wastewater and mining industries. Learn more.

5/16/24

Cleaver-Brooks has been acquired by Miura Co., Ltd., a global leader in boiler manufacturing based in Matsuyama, Japan. Miura specializes in steam generation and various related products including water treatment, food processing, medical, marine, and environmental equipment. Cleaver-Brooks is known for its boiler room solutions aimed at reducing energy consumption, costs, and environmental footprint. 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.


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