Saw Mill Capital Announces the Consolidation and Rebranding of its Automation Portfolio and Simultaneous Acquisition of PanelTEK

Briarcliff Manor, NY – February 12, 2022. 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 consolidation and rebranding of its automation investments, iAutomation and RND Automation, and the simultaneous acquisition of PanelTEK Automation.  The combined business has been fully integrated and rebranded as Complete Automation Solutions Holdings (“CAS”) to reflect the Company’s expanded offering and accelerating growth initiatives across Industrial Automation Distribution, Panel Building/ Contract Manufacturing, Machine Building/ Robotic Solutions and System Integration/ Engineering Services.

Complete Automation Solutions continues to execute its vision to be the preferred, hybrid automation partner to manufacturers of technologically advanced equipment and end-users across the eastern half of the United States.  The Company is unique in its ability to address customer pain points across engineering, product sales, software and application programming, value-added assembly and manufacturing, and integration solutions with expertise in linear motion, vision and robotics.  CAS is executing an ambitious growth plan and continues to seek attractive automation companies to expand the Company’s service offering, geographic footprint, sales and engineering depth, and manufacturing capacity.

Founded in 2000 and headquartered in Wisconsin, PanelTEK designs, engineers, and assembles custom electrical control panel solutions for a variety of end-use applications with complementary engineering and in-field services. The Company is ISO-9000/2001 compliant and provides additional capacity and engineering depth to Complete Automation Solutions to support its continued growth in panel-building and value-added assembly services.

Gregg Holst, CEO of Complete Automation Solutions, commented, “We are proud and excited to announce the combination of iAutomation, RND Automation and PanelTEK under one roof.  As one fully-integrated company, CAS can leverage the strong teams and capabilities of each business to better serve our OEM and end-user customer base with a full-suite of product distribution, manufacturing/assembly, and integration solutions. Engineering expertise in motion control, vision and robotics will continue to guide our growth going forward.”

Tim Nelson, a Partner at Saw Mill Capital, said, “The consolidation and integration of Complete Automation Solutions represents a key milestone in the growth vision of the business.  CAS’ unique, full-suite offering and differentiated value proposition are resonating with customers across a wide variety of end-markets, including warehouse automation, automated retail delivery, and packaging.  We are encouraged by the momentum of the CAS team and excited for the prospects of continued organic and acquisitive growth.”