NuVescor Advises Control Dynamics In Acquisition By Verona Industrial Controls

NuVescor Advises Control Dynamics In Acquisition By Verona Industrial Controls​

NuVescor Group is pleased to announce the successful sale of Control Dynamics, Inc., to Verona Industrial Controls

Control Dynamics (CDI), based in Hudsonville, MI, was founded in 1985 as the controls and integration division of Electro-Techniques, Inc., an industrial electrical contracting firm, and incorporated as a separate entity in 1998. The business provides inclusive turn-key controls integration and specializes in designing and developing software and electrical controls for Manufacturing Data Systems, Process Control Systems, and Material Handling Systems, along with the capability of electrical panel assembly, programing, and hardware design. Additionally, CDI has successfully developed and marketed the trademarked Labelwright® labeling system for the food, beverage, and other industries.

Verona Industrial Controls (VIC) is a new entity created by the ownership of Verona Industrial Equipment, LLC (VIE). Founded in 1932, Verona Industrial Equipment is one of the largest independent motor and drive distributors in the United States. VIE carries a $2M inventory of motors and controls in warehouses in Howell and Kalamazoo, Michigan. VIC will operate the new company under the DBA Control Dynamics Integrators (CDI).

As the technology of “soft” starting and speed control of electric motors has grown due to energy saving requirements, CDI saw the opportunity to add electrical controls design and build as value added products and services.

One of the primary goals VIC had for a new acquisition was for the company to be self-managing. VIC recognized CDI as a self-managing, profitable company with an excellent existing management team.

“I see many benefits and opportunities for the team and the company from joining together with Verona Industrial Controls!” said Dean Rockwell, former owner of Control Dynamics Inc.” The new owners are excited about the potential and, in the short time since closing this deal, they have demonstrated a full commitment to developing the new opportunities that such an alliance brings to both companies.” Rockwell will stay on as a consultant to the new company for six months.

With the addition of new sales personnel and the existing sales team, VIC will aggressively pursue new markets and offer existing clients and customers of VIC the products and services of Control Dynamics.

VIC sees future growth in acquisitions of distribution of industrial electrical controls components and hardware and possible “bolt-on” companies to CDI to expand their capabilities and capacity.

Control Dynamics Inc. was assisted in the transaction by the NuVescor Group. “In the process of evaluating many suitors, our goal was to find a firm that was established in the industrial sector, leadership who appreciated the value and capabilities of Control Dynamics, Inc., and recognized how such an acquisition could increase and expand opportunities for their already successful business,” said Rockwell. “I was not looking for the greatest net return; I wanted potential for the best outcome for my people and for the buyer.”

Randy Rua, President of NuVescor, said, “We were honored to work with Dean to find a buyer who would continue the proud legacy of Control Dynamics. The acquisition by Verona Industrial Controls was a win-win for both parties.”

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NuVescor Advises Automation & Modular Components, LLC (AMC, LLC) On Its Sale To Coesia

NuVescor Advises Automation & Modular Components, LLC (AMC, LLC) On Its Sale To Coesia

NuVescor Group is pleased to announce the successful sale of Automation & Modular Components, LLC (AMC, LLC) to Coesia. Through its Company FlexLink, Coesia has closed the acquisition of 100% of the share capital of AMC, LLC.

Automation & Modular Components, LLC (AMC), headquartered in Davisburg, Michigan, USA, is a manufacturer of material handling automation systems with integrated controls, as well as conveyors for integration into assembly systems and production lines. AMC serves many industries including Automotive, Food, Medical, Appliance, Metalworking, Electronics, Packaging, Munitions, Parts Processing, Glass, Pharmaceutical, Alternative Energy including Solar, Container Handling, Household Products, and Assembly & Material Handling.

AMC will strengthen Coesia’s and FlexLink’s presence on the US market, particularly strengthening its capabilities in the battery sector and broad-spectrum material handling applications.

Coesia AMC done deal

“We are glad to welcome AMC in our Group, and we consider this company a strategic asset especially for the development of FlexLink whose robotic and material handling expertise will be further enhanced and expanded by AMC’s heavy weight conveyance systems,” says Alessandro Parimbelli, Chief Executive Officer of Coesia. “The introduction of AMC into Coesia’s portfolio in the United States will enhance the organization’s capabilities and allow the group to continue on its path to being a dominant solution provider in the automation industry.”

“Coesia with FlexLink is the perfect home for AMC to continue on its growth path and further expand its global presence, continuing to help companies in over 25 industries across six continents to produce goods faster, with more consistency,” says Dick Shore, former owner of AMC.

Coesia plans to continue investing in automation technology. The sector has attractive growth that will continue long into the future. The Group will continue to support inorganic and organic growth in the United States and globally.

NuVescor Group acted as the M&A advisor for AMC and facilitated the connection between Coesia and AMC. “AMC is a wonderful business with unique capabilities in the manufacturing space. We wanted to find the perfect fit to allow them to continue to grow in that space,” says Randy Rua, President of NuVescor.

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