Crestview Partners has agreed to sell JR Automation Technologies to Hitachi for $1.4 billion. Crestview acquired JR Automation in March 2015 from Huizenga Automation Group. A source close to Private Equity Professional reports that this transaction netted Crestview a 7.5x return on its equity. With a four-year hold this calculates to a 65% IRR. JR […]
