Mooreland’s Industrial Technologies team continues to cement its position as a leading M&A advisor to the global automation and robotics industry
FOSTER CITY – January 16, 2018 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, announced today that it acted as the exclusive financial advisor to Doerfer Corporation (“Doerfer”) on the sale of its Automation Systems Group (“ASG”) to JR Automation (“JR”). The Doerfer ASG includes five companies that design and build custom automation equipment for a wide variety of manufacturing operations. Doerfer ASG is an international organization with operations in the United States, France, Romania, Singapore and China.
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, improve quality, and enhance process safety. This transaction marks the first major acquisition for JR Automation under the ownership of Crestview Partners, a leading New York-based private equity firm, which acquired JR Automation in March 2015 as a platform for strategic growth in the industrial technology industry.
The acquisition of Doerfer ASG will significantly enhance JR’s international presence and further diversify the end-markets and geographies they serve. “This transaction combines two of the leading players in the industrial automation and robotics integration market, and further solidifies JR’s position as a powerhouse in the industry,” said Richard Dalton, Mooreland Managing Director.