Plant engineering, manufacturing M&A: November 2023

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

By Clint Bundy November 30, 2023
Courtesy: Bundy Group

Bundy Group, an investment bank and advisory firm, provides an update on mergers & acquisitions and capital placement activity for companies that address the automation, industrial technology, manufacturing and plant management fields.

The automation, industrial technology and services M&A market shows no loss in momentum in 2023. From recently closed Bundy Group transactions (Ultimation; Avanceon; Metal Tech), our team continues to see strong interest from a range of strategic buyers and financial sponsors in the industrial technology and services segments. Further evidence of the strong M&A activity in markets relevant to Plant Engineering readers is provided by the below list of transactions. Recent transactions to note include Stabilus’ acquisition of Destaco, Huizenga Group’s acquisition of Adaptek Systems and API Alliance, and Novatech Automation’s acquisition of TestSwitch. Bundy Group anticipates several other automation, industrial technology and services transactions to be completed before the end of the year, and we will keep Plant Engineering readers posted.

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.

Bundy Group reported seven automation transactions in the month of November.

Bundy Group reported seven automation transactions in the month of November. Courtesy: Bundy Group

November 2023 automation transactions

10/30/23

Motion & Control Enterprises has acquired Buford, GA-based Applied Industrial Controls, Inc. and Engineered Systems Group, LLC. AIC is a distributor of motors, drives, and controls for industrial and municipal customers in the states of Georgia, South Carolina, North Carolina, Alabama, Tennessee, and Florida. ESG is a systems integrator and panel shop providing engineering, programming, and systems integration services. Learn more.

10/30/23

Hubbell Incorporated has acquired Systems Control, a key player in substation control solutions, for $1.1 billion in cash. This strategic move enhances Hubbell Utility Solutions’ industry leadership, offering vital solutions for grid reliability and substation automation. Systems Control’s expertise and proven track record will drive efficient operations of critical infrastructure, aligning with Hubbell’s growth objectives. Learn more.

10/30/23

Fairbanks Morse Defense has acquired American Fan, a leading expert in fan technology based in Fairfield, Ohio. With 50 years of expertise in aerodynamics, acoustics, vibration control, and motor performance, American Fan is a trusted supplier in maritime defense. This acquisition enhances FMD’s ability to provide OEM parts and turnkey service solutions to their core customers. Learn more.

10/24/23

uAvionix has acquired Iris Automation, a leading provider of optical Detect and Avoid (DAA) technology. This strategic move combines uAvionix’s expertise in communications, navigation, and surveillance with Iris’ leadership in computer vision-based systems for safe aircraft separation. The acquisition strengthens uAvionix’s capabilities, with Jon Damush, former CEO of Iris Automation, now serving as the CEO of uAvionix Corporation. Learn more.

10/22/23

Metso has signed an agreement to acquire Tedd Engineering, a privately owned company specialized in automation, control systems, and electrical solutions for mobile equipment and aftermarket, primarily focusing on the aggregates business. Tedd Engineering employs approximately 70 employees and it’s based in Chesterfield, UK. Learn more.

10/20/23

Holland & Knight represented Kaho Partners and its portfolio company Addtronics in the acquisition of Sirius Automation. Based in Buffalo Grove, Ill., Sirius Automation is a leading developer of laboratory robotic systems for blue-chip biotech and pharmaceutical companies. Learn more.

10/12/23

Stabilus SE, a supplier of motion control solutions for a wide range of industries, signed an agreement to acquire the business of DESTACO, which supplies industrial automation components, from Dover Corporation, a global diversified industrial manufacturer headquartered in the U.S. The purchase price amounts to $680 million, subject to customary post-closing adjustments, and will be paid in cash by Stabilus. Learn more.


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