Private equity firm Crestview Partners has announced the launch of its portfolio company, Convergix Automation Solutions.
The launch is part of Crestview’s strategy to build a $1 billion global automation solutions company. Convergix seeks to benefit from significant tailwinds driving growth in the automation industry driven by evolving labour markets, affordable robotics and demand for resilient supply chains.
Crestview invested in Convergix following its ownership of JR Automation from 2015 to 2019. The private equity firm 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 improve 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.