Saw Mill Capital Announces the Acquisition of RND Automation, Expanding Its Portfolio of Automation Companies

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Saw Mill Capital Announces the Acquisition of RND
Automation, Expanding Its Portfolio of Automation
Companies
(1888 PressRelease) On December 17, 2020, Saw
Mill Capital acquired RND Automation out of
Lakewood Ranch, Florida to boost its industrial
automation portfolio which currently includes
iAutomation out of North Attleboro,
Massachusetts. This strategic acquisition will
allow both RND and iAutomation to expand their
service offerings and exchange expertise, while
also expanding their presence along the East
Coast. Briarcliff Manor, NY Saw Mill Capital
Partners II, LP and affiliated private equity
investment funds managed by Saw Mill Capital LLC
("Saw Mill") are pleased to announce the
acquisition of RND Automation (RND), a leading,
Florida-based integrator of robotics, vision
systems and automation solutions for custom
packaging and assembly applications. The terms of
the transaction have not been disclosed. The
acquisition of RND expands Saw Mills portfolio
of affiliated automation companies that
cross-sell and share synergistic resources to
accelerate growth. In 2017, Saw Mill acquired
iAutomation, a value-added designer and
distributor of highly-engineered automation
products, solutions, and services for
manufacturers of technologically advanced
automated equipment. We are excited by this
opportunity to partner with Saw Mill to take our
growth to the next level, stated Sean Dotson,
President, and CEO of RND. We have been
partnering with Saw Mills 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. Gregg Holst added, We are
excited to now have a formal partnership in place
in the Saw Mill family that will allow us to
leverage our combined capabilities and build
expertise 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
respective customer bases and beyond.
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Tim Nelson, a Partner at Saw Mill Capital, said,
This acquisition represents a unique opportunity
for both RND and iAutomation to expand their
service offerings and exchange expertise, while
also expanding their presence along the East
Coast, providing industry-leading solutions for
the automation market today. Saw Mill is
committed to helping its portfolio companies
achieve their full growth potential, both
organically and through strategic acquisitions.
We continue to seek attractive automation
companies to add to the Saw Mill
portfolio. ABOUT RND AUTOMATION Founded in 2005
and based in Lakewood Ranch, FL, RND Automation
designs, engineers and integrates automation
solutions for packaging and assembly applications
in the medical device, life sciences, and
consumer products sectors, among others. Core
offerings include platform-agnostic robotics and
vision systems integration and custom and
standard packaging and assembly automation
equipment. For more information, please visit
www.rndautomation.com. ABOUT IAUTOMATION Headquar
tered in North Attleborough, MA, iAutomation is a
designer and distributor of innovative automation
products, solutions, and services to the world's
leading manufacturers of technologically advanced
automated equipment. For more information, please
visit www.i-automation.com. ABOUT SAW MILL
CAPITAL Based in Briarcliff Manor, NY, Saw Mill
Capital is a private equity firm that acquires
business service, specialty distribution, and
manufacturing businesses with enterprise values
of 25 million to 200 million. Since 1997, Saw
Mill Capital has been partnering with management
teams to help successful businesses reach their
full potential. For more information, visit
www.sawmillcapital.com.