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

Briarcliff Manor, NY – December 17, 2020. 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 Mill’s 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 Mill’s portfolio company, iAutomation, for the last couple of years and are impressed by the expansive enterprise Gregg Holst, CEO of iAutomation, and his team have 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.”

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.