JR Closes 4th Automation Add-on

JR Automation, a portfolio company of Crestview Partners, has acquired Esys Automation. Crestview Partners acquired JR Automation in March 2015 from Huizenga Automation Group.

Esys Automation is a provider of automation products and services to the automotive industry. The company designs and builds robotic systems and industry-specific software that is used in vehicle assembly applications in areas such as press, powertrain, plastics, body assembly, paint, sealer, final assembly, and tire & wheel. Esys Automation, led by CEO Chris Marcus, is headquartered near Detroit in Auburn Hills, MI (www.esysautomation.com).

JR Automation is a designer and manufacturer of automated or operated assembly line equipment such as sonic welders, riveters, adhesive dispensers, vision inspectors and verifiers, leak testers, robotic palletizers, and other equipment. The company’s products are used in the automotive, aerospace and defense, life sciences, battery and energy, electronics and consumer goods, food and beverage, construction and amusement industries. JR Automation, with annual revenues of more than $570 million, has more than 2,000 employees and facilities in 23 locations in North America, Europe, and Asia. The company was founded in 1980 and is headquartered in Holland, MI (www.jrauto.com).

“We look forward to leveraging the Esys teams’ capabilities and expertise to further build out our leading-edge global automation solutions platform, with a growing focus on providing ‘Industry 4.0’ solutions to our customers,” said JR Automation Chairman and CEO Mike DuBose. “Esys’ capabilities, dedication, sense of urgency, and focus on quality for their worldwide customer base is well-aligned with the culture and strategy at JR Automation, so we anticipate a smooth transition forward.”

The buy of Esys Automation is the fourth add-on acquisition for JR Automation since being acquired by Crestview Partners. In April 2018, it acquired Ogden, UT-based sister companies Setpoint Systems, an automation engineering company that specializes in the design, build, and controls programming of custom automation products and systems, and Setpoint Inc., a designer and implementer of custom rides and attractions for amusement and theme parks. In December 2017, JR Automation acquired Doerfer Corporation’s automation systems group (comprised of Advanced Automation, Wright Industries, FSA Systemes D’Assemblage, FSA Romania, PSB Technologies and equity interests in Beijing BYJC-Fabricom Assembly Line Co., Ltd.).

Crestview invests from $100 million to $250 million in companies with enterprise values up to $3 billion. Sectors of specific interest include media, industrials, energy and financial services. The firm will invest in other industries where its relationship network and senior operating capabilities provide an advantage.  Crestview, founded in 2004 and headquartered in New York, manages funds with over $7 billion of aggregate capital commitments (www.crestview.com).

Birmingham, MI-based FINNEA Group (www.finneagroup.com) was the exclusive financial advisor to Esys Automation on this transaction.

© 2018 Private Equity Professional | June 21, 2018

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