January 21, 2021
iAutomation, which designs and distributes automation products, solutions and services, announced the acquisition of Lakewood Ranch, Fla.-based RND Automation. The announcement was made by Saw Mill Capital Partners, which includes iAutomation as one of its portfolio companies. Terms of the acquisition were not disclosed.
The acquisition will allow North Attleborough, Mass.-based iAutomation to expand its integration, vision and robotics capabilities, while also providing a physical footprint in the southeast, the company said. RND Automation provides custom robotics, packaging, and assembly machinery, with customers in the medical device, life sciences, and consumer products sectors, among others.
“We are excited by this opportunity to partner with Saw Mill to take our growth to the next level,” said Sean Dotson, president of RND. “We have been partnering with Saw Mill’s portfolio company, iAutomation, for the last couple of years and are impressed by the expansive enterprise Gregg Holst, CEO of iAutomation, and his team has built with Saw Mill.”
“To now have a stand-alone affiliate company that when applicable will leverage our combined capabilities is extremely exciting,” said Holst. “We now will be able to round out our goal of having capabilities in all three of the critical industrial automation disciplines: motion control, vision, and robotics. Together we will be able to deliver best-in-class capabilities and services to our collective customer base and beyond.”
Saw Mill said it continues to be committed to help its portfolio companies achieve their full growth potential, both organically and through strategic acquisitions. All of its Fund II portfolio investments, including iAutomation, are actively seeking acquisitions, Saw Mill said.