Posted May 26, 2022

Crestview Partners launches Convergix Automation Solutions

Private equity firm Crestview Partners announced the launch of portfolio company Convergix Automation Solutions, as part of its strategy to build a $1 billion global automation solutions company.

Convergix Automation SolutionsConvergix seeks to benefit from significant tailwinds driving growth in the automation industry driven by evolving labor markets, affordable robotics and demand for resilient supply chains.

Crestview invested in Convergix to create a global automation solutions provider, following its ownership of JR Automation from 2015 to 2019. Crestview has allocated up to $200 million in equity capital to support Convergix and fuel its growth. To date, the company has acquired two established automation companies – JMP Solutions and Classic Design.

As a global solutions provider, Convergix offers its customers technical expertise and creative solutions to dramatically improve and enhance their processing, manufacturing and logistics operations. Targeting the global $750+ billion automation market, with a particular focus on the $150 billion global automation systems and connectivity segments, Convergix delivers best-in-class technology, integration and support to customers in a variety of industries.

The company specializes in automation, robotics, information systems, material handling and control systems and is positioned to be an innovative automation partner providing comprehensive solutions to a wide range of industries and applications. Today, the company provides automation solutions to companies in industries ranging from food and beverage, consumer products and postal and courier industries to the automotive, semiconductor, energy, water and wastewater industries.

“We are making proactive investments in the future,” said Mike DuBose, executive chairman of Convergix and operating executive at Crestview. “Our experience in automation has demonstrated that companies, regardless of industry, prefer a single automation source for multiple applications, yet functionally the industry is highly fragmented. Convergix solves that problem by providing scalable automation solutions across our customers’ entire value chains. Our strategy is to build on these capabilities to become the leading automation partner to our customers while relentlessly driving to provide best-in-class flexible solutions.”

Convergix's first two acquisitions, JMP and Classic, provide a strong base of automation engineering capabilities and blue chip customer relationships as well as a global geographic reach, with 18 offices throughout the U.S. and Canada and a scalable engineering and manufacturing presence in India. Headquartered in London, Ontario, JMP provides controls engineering services and system design and integration solutions to a diverse customer base. Classic, based in Troy, Michigan, has been a leading supplier of automation systems design and integration solutions for nearly 50 years. Together, the two operating companies advance Convergix's customers’ capabilities by helping their facilities and equipment to run more efficiently with improved quality and at a lower cost.

“Through strategic acquisitions, our streamlined approach to integration, and our team’s deep knowledge and experience, we are building the foundation for something that is unique in our industry,” said John Bubnikovich, Convergix chief executive officer. “We operate at the intersection of technology, people, integration and support, which enables us to provide solutions that empower our customers to reach their full potential and compete on a new level.”