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New Deal


Announced

Completed

Crestview-backed Convergix Automation completed the acquisition of AGR Automation.

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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Acquisition

Completed

United Kingdom

automation systems

Private Equity

Single Bidder

Private

Majority

Cross Border

Auto Technology

Friendly

Synopsis

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Crestview-backed Convergix Automation, an automation solutions company, completed the acquisition of AGR Automation, a provider of custom, high-performance automation design and systems integration primarily to the life sciences industry. Financial terms were not disclosed. "I am honored to have been part of building an innovative and high-quality provider of automated systems, which would not have been possible without the hard work and commitment of our exceptional team members and the loyalty of our customers. The AGR team is excited to join Convergix and to leverage its operational expertise to accelerate AGR's growth and enhance our ability to serve our valued customers," Derek Gaston, AGR Managing Director.

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