Announced
Completed
Financials
Tags
Domestic
Production Technology Equipment
Completed
automation solutions
Private Equity
Single Bidder
Private
Acquisition
United States
Majority
Friendly
Synopsis
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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