JR Technology Group, LLC announces that funds managed by Crestview Advisors, L.L.C. ("Crestview" or "Crestview Partners") together with members of management have completed the acquisition of JR Automation Technologies, LLC and Dane Systems, LLC (together "JR Automation" or "JR") from the Huizenga Automation Group, LLC. Financial terms were not disclosed.
JR Automation, based in Holland, Michigan, provides customized and highly engineered automated manufacturing system solutions to world class companies on a global basis. JR Automation has a 35 year track record of strong growth and an excellent reputation for robust products and services which enables the continued success of its customers. The Huizenga Automation Group had owned JR Automation since 1995.
Bryan Jones, Co-CEO of JR Automation, said, "We owe a great debt of gratitude to JC Huizenga and the team at Huizenga Automation Group. They provided support over a 20-year partnership enabling us to successfully compete and grow on a global basis."
Scot Lindemann, Co-CEO of JR Automation, added, "We are excited about this next step in the evolution of our company as we transition to new ownership. Our partnership with Crestview will provide additional capital and support as we accelerate our growth trajectory, while holding true to the innovation, customer focus and team values that have been our core."
Tom Murphy, Co-Founder of Crestview Partners, said, "We have been very impressed with the technical capabilities, broad team and the significant potential of JR Automation. Bryan Jones and Scot Lindemann will continue in their leadership roles, now filling the Co-CEO positions, with support from Mike DuBose as Chairman. We are excited to invest in a fast growing factory automation solutions leader with such a strong culture and reputation. We look forward to partnering with management in executing their global growth plans."
Michael Brom, President of Huizenga Automation Group, said, "We are proud of the team at JR Automation for the great business and environment that they have created. We are grateful for the strong leadership of Scot and Bryan along with the commitment of the entire JR team. We are excited to have been a part of JR's dynamic growth and I am highly confident they will carry on this tradition in partnership with Crestview."
About JR Automation:
JR Automation provides customized automation solutions in manufacturing environments with a 35+ year track-record of producing highly engineered automated manufacturing systems that lower customer production costs, accelerate new product development cycles, improve quality, and enhance process safety. The Company is driven by a team based, customer centric organization structure and culture. Compelling industry megatrends support JR Automation's long-term growth prospects with growth in process manufacturing automation and robotics as adoption beyond the automotive industry accelerates and nascent reshoring of U.S. manufacturing. Visit www.jrauto.com for more information.
About Huizenga Automation Group:
The Huizenga Automation Group is part of The Huizenga Group, based in Western Michigan, a privately held firm that provides management services to a diverse group of companies involved in custom automation machine building, tool & die, pharmaceutical packaging, machined metal parts, electrical contracting and highly engineered automotive component manufacturing. The current portfolio of companies provide products and services for the world's leading automotive, pharmaceutical, military goods, medical device, consumer goods and office furniture manufacturers.
About Crestview Partners:
Founded in 2004, Crestview Partners is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with over $7 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and distinguished backgrounds in private equity, finance, operations and management. Crestview's senior investment professionals primarily focus on sourcing and managing investments in each of the specialty areas of the firm: energy, financial services, healthcare, industrials and media.
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Source : prnewswire.com