Falfurrias Capital Partners Facilitates E Tech Group's Purchase of Automation Group

Falfurrias Capital Partners announced today that E Tech Group has acquired Automation Group, a California-based system integrator specializing in automation, robotics, and cybersecurity. The specific financial terms of this transaction have not been disclosed. This marks E Tech's second add-on acquisition in 2023, following their earlier purchase of E-Volve Systems in February. Since Falfurrias' initial platform investment in early 2018, E Tech has successfully integrated four acquisitions, including Glenmount Global Solutions in 2018 and Superior Controls in 2019. This move has established the combined company as one of North America's largest independent automation engineering and system integration firms, boasting approximately 30 locations and a team of 600 professionals.

Automation Group, recognized for serving major clients like the world's largest wine producer, will now operate under the name "Automation Group, an E Tech Group Company." While founder Brad Stegmann is stepping down from his CEO role, he will continue to offer consultancy during the transition. Automation Group President Randy Ruano will remain in his position, and no significant employment changes are expected across Automation Group's locations.

E Tech Group CEO Matt Wise expressed, "With the addition of Automation Group, E Tech Group expands its market-leading positions in automation of Life Sciences, Data Centers, Consumer Packaged Goods, and Food and Beverage industries. The addition also brings significant cybersecurity expertise, accelerating our rapid growth in this segment and enabling us to better serve our clients with IT/OT vulnerability assessments and remediation."

In a joint statement, Stegmann and Ruano conveyed their confidence in the smooth transition and the benefits it will bring to customers of both companies. They also expressed their excitement about the career opportunities that Automation Group team members will have within the larger, fast-growing E Tech Group organization.

Ken Walker, a partner at Falfurrias who serves as Executive Chairman of E Tech Group's board of directors, highlighted the significance of this expansion, enhancing their West Coast presence, technological expertise, and capabilities in vital verticals. Walker expressed gratitude to Brad for his vision and leadership and extended a warm welcome to Randy and the entire Automation Group team into the E Tech Group family.

Source:prnewswire.com