JMC Capital Acquires Nematron
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JMC Capital Acquires Nematron

nematron nf1Comark, a portfolio company of JMC Capital Partners, has acquired the assets of Nematron Corporation, a provider of computers and monitors used in industrial automation applications.

Nematron provides industrial personal computers (IPCs) and monitors that are used in harsh industrial environments. The company’s products are designed to withstand high temperature and humidity, shock & vibration, electrical noise, and are resistant to chemicals typically present in a manufacturing environment.  Nematron is headquartered in Ann Arbor, MI (www.nematron.com).

Lawrence bero nf2“Nematron has been an innovator in panel mounted industrial computer and operator interface devices for over 30 years and has thousands of systems installed worldwide. Nematron continues to develop innovative new solutions that set the industry standard,” said G. Lawrence Bero, a Partner at JMC.

Comark, acquired by JMC in April 2014, is a manufacturer of ruggedized industrial displays, integrated computers, workstations and kiosks that are used in industrial and commercial applications. The company is headquartered southwest of Boston in Medfield, MA (www.comarkcorp.com).

“We continue to expand our presence in the industrial and building automation sector. The addition of Nematron will broaden our product line and distribution channels,” said Steve Schott, Chief Executive Officer of Comark. “Nematron’s state of the art handheld, industrial and panel PC product line is a great addition to our growing product portfolio. We look forward to working with the Nematron team to successfully integrate the Nematron business into Comark.”

JMC Capital Partners invests from $5 million to $15 million in lower-middle market industrial companies that manufacture “intermediate” products (products that are sold to other businesses).  Sectors of interest include industrial components and equipment; electrical and electronic equipment; process instrumentation and controls; analytical instruments and measuring devices; fluid control, filtration and pumps; specialty chemicals, adhesives and coatings; plastics and synthetic materials; and healthcare and safety equipment. In March 2014, JMC closed JMC Platform Fund I, LP (Fund I) with $125 million of capital commitments, $25 million above the firm’s target of $100 million. The investor base of Fund I consists largely of institutional investors and family offices.  JMC was founded in 1999 and is based in Boston (www.jmccp.com).

2014 PEPD • Private Equity’s Leading News Magazine • 9-11-14

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