Ares Management completed the acquisition of Totally Automated Systems, an assembly machines manufacturer, and Modular Automation, an automation solutions provider in the medical technology industry. Financial terms were not disclosed. “I firmly believe that AIR, with the support of Ares, has a differentiated opportunity to build a scaled player in the highly fragmented industrial automation industry. Brian and Darragh together bring substantial experience in acquiring, integrating and operating businesses, and we are excited to work with them to position the Company for long-term growth,” Matt Cwiertnia, Ares Co-Head Private Equity.