Mission Design & Automation Makes Michigan Top 50 Companies To Watch Following Acquisition
When we last wrote about Mission Design & Automation, we were sharing the news that they were acquired by Concurrence Capital Holdings back in 2017. Now, 5 years later, we’re pleased to announce that the Ottawa County-based manufacturing automation company was named as one of The Michigan 50 Companies To Watch by Michigan Celebrates Small Business (MCSB). We’re proud to have been able to watch Mission grow after working with Rua Associates to represent Mission during their acquisition. We also think a lot can be learned from their example.
Here are several key takeaways for other manufacturing or automation businesses that are looking to sell and for companies looking to acquire those businesses.
Under new ownership, new growth is possible
Mission Design & Automation’s acquisition by Concurrence Capital Holdings has yielded positive results for both organizations. As a private investment and management firm, Concurrence was able to offer strategic capital, expertise, and partnerships to the already successful structure and technology of Mission. This allowed Mission even more room to grow and develop into the successful business we see today while allowing Concurrence Capital to benefit from that growth.
Commenting on the acquisition in 2017, Michael Brom, Managing Partner at Concurrence Capital Holdings predicted: “They are well-positioned for even greater growth as the automation industry continues to flourish. Jason Byrd and I are thrilled to partner with them and leverage our experience to help support their continued growth.”
Today, we are seeing that this prediction was correct both in regards to the growth of Mission Design & Automation and the growth of the manufacturing automation sector. In fact, the industrial automation market is expected to reach $355.44 Billion by 2028 with a CAGR of 9.2% between 2021 to 2028.
For sellers, a merger or acquisition can perpetuate your legacy
When you own a business, your employees rely on you. But it’s important to remember that deciding to step away does not mean your employees will not be taken care of. Mission Design & Automation’s success has allowed its employees to continue to grow and develop in their roles and responsibilities while also providing opportunities for promotion within the Concurrence Capital Holdings LLC network. A merger or acquisition can often lead to more jobs within the company allowing previous owners to improve the positive effects they have already had on their community even after stepping away.
Looking to build value with an exit plan in mind? Or looking to grow your business through mergers and acquisitions? NuVescor can help.
Whether you’re looking to buy, sell, or merge, Nuvescor can help you achieve your M&A goals. With years of experience and a proven process, our team delivers excellent results, whether you want to buy or sell a business. When you work with us, you are not just getting one person; we have a team of people who will help you with each different aspect of your business transaction.
Below is a list of all the services our team provides:
- Transaction Facilitation
- Project Management
- Market Development
- Financial Analysis
- Business Writing
- Transaction Support
- Access To Our Network of Potential Buyers & Sellers