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New Deal


Announced

Completed

Crestview Partners-backed JMP completed the acquisition of Classic Design.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Production Technology Equipment

Completed

automation solutions

Private Equity

Single Bidder

Private

Acquisition

United States

Majority

Friendly

Synopsis

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Crestview Partners-backed JMP, an automation systems integrator, completed the acquisition of Classic Design, a Troy, MI-based provider of automation design and systems integration. Financial terms were not disclosed. "We are proud to have built a high-quality provider of automated systems with leading capabilities thanks to the hard work and commitment of our exceptional team members and the loyalty of our customers. The entire Classic team is thrilled about our partnership with Crestview and JMP. We are excited to take this next step in Classic's evolution alongside Mike DuBose, John Bubnikovich and the rest of the team which they are assembling. We believe Crestview, Mike and John bring a strong track record of leadership in the automation industry, and by bringing together Classic and JMP, we will be able to provide best-in-class solutions to our valued customers," Bharath Reddy, Classic President.

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