Bundy Group reported 12 automation transactions in the month of May. 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.
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.
5/14/24
Michelli Weighing & Measurement, a leading provider of weighing and measurement equipment & services, acquired Pioneer Scale Company, a respected name in the industry for over four decades. This strategic acquisition marks a significant step in Michelli’s growth strategy, expanding its service footprint across Arkansas, Texas, and Colorado, and strengthening its position as a leader in the weighing and measurement industry. 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.
5/9/24
Industrial Service Solutions has acquired full ownership of Electric Motor Technologies, LLC, an electromechanical service provider supporting industrial and commercial operations throughout southern Ohio. The acquisition will enhance ISS service offerings in the region, making its full range of rotating equipment, process equipment, and inspection services available to EMT’s clients. Learn more.
5/8/24
Platte River Equity’s portfolio company Belt Power, LLC, a distributor and fabricator of belting and components, has acquired Avtech Industrial Products, a Phoenix-based distributor of conveyor belts and other industrial products that also offers installation, fabrication, and repair services. This combination enhances their value-added solutions in the Phoenix market. 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.
4/22/24
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.
4/3/24
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.
