Harris Williams & Co. Advises JR Automation Technologies, LLC on its Sale to Crestview Partners
Harris Williams & Co. acted as the exclusive financial advisor to JR Automation Technologies and the company's shareholders, The Huizenga Group. The transaction was led by Bill Roman, Jay Hernandez and Nicholas Dager of Harris Williams & Co.'s Boston office.
Richmond, Virginia – Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of Huizenga Automation Group, LLC (d/b/a JR Automation Technologies), a leading provider of intelligent automation solutions, to Crestview Partners. Harris Williams & Co. acted as the exclusive financial advisor to JR Automation Technologies and the company’s shareholders, The Huizenga Group. The transaction was led by Bill Roman, Jay Hernandez and Nicholas Dager of Harris Williams & Co.’s Boston office.
“JR Automation Technologies’ market leadership within the expanding intelligent automation market is providing the company tremendous opportunities to capitalize upon the ‘step-function’ growth in factory automation and robotics across an increasing number of exciting end markets,” said Jay Hernandez, a director at Harris Williams & Co. “Crestview Partners’ investment in JR Automation Technologies is evidence of the strong interest we continue to see in the market for industrial technology assets from both strategic and financial buyers, as we highlighted in our most recent industry report.” (Found here.)
“We greatly enjoyed working with Bryan Jones, Scot Lindemann and their team, and are excited to witness the company’s continued growth through its partnership with Crestview Partners,” said Bill Roman, a managing director at Harris Williams & Co.
JR Automation Technologies is a leading provider of intelligent automated manufacturing solutions that solve customers’ key operational and productivity challenges for applications in aerospace, automotive, construction, consumer products, food processing, medical, and pharmaceutical end markets, among others. The company’s deep engineering expertise and accumulated know-how across more than 10,000 system installations provides unmatched insights in the application of advanced automation technologies including intelligent robotics, machine vision and in-process inspection solutions.
The Huizenga Group is a privately held family office located in Grand Rapids, Michigan that pursues investment opportunities in the middle market commercial and industrial sectors based in Central and Western Michigan. The Huizenga Group has earned a sterling reputation of integrity and value-creation due to its commitment to building enduring economic growth and investment for the benefit of its region and shareholders.
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 Partners’ 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.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise, and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.