The Riverside Company has sold iAutomation to Saw Mill Capital
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that it has represented The Riverside Company (“Riverside”) in the sale of AutomationSolutions Holding Company (“iAutomation” or the “Company”) to Saw Mill Capital. Terms of the transaction were not disclosed.
Headquartered in North Attleboro, Massachusetts, iAutomation is a leading designer and distributor of innovative, highly engineered automation products, solutions and services to leading manufacturers of technologically advanced automated equipment throughout the world. The Company helps customers identify, select, procure, apply and operate sophisticated components used in automated equipment and machinery installations. With a growing bench of over 60 engineers, iAutomation offers turnkey solutions by combining a wide selection of technologically advanced automation components and sub-assemblies with leading engineering and system design capabilities.
Lincoln acted as the exclusive financial advisor, working closely with the shareholders and management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction. iAutomation represents the 11th company that Lincoln has sold for Riverside, having completed sales across North America, Europe and Asia.
Joe Lee, Riverside Partner, commented, “We are very pleased with the outcome of this transaction. The Lincoln team ran a well-executed process from start to finish that provided an array of attractive options for the Company and yielded an outstanding result for its shareholders.”
Charles Williams, CEO of iAutomation, added, “Lincoln’s combination of business model and end market experience allowed them to quickly recognize iAutomation’s value proposition and effectively articulate the investment opportunity to the market. We are excited about the outcome of this process and look forward to partnering with Saw Mill on the next chapter of the Company’s growth story.”
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