Add-on Acquisition • Manufacturing

CAS Acquires RND Automation

On February 12, 2022, CAS acquired manufacturer RND Automation from Saw Mill Capital

Acquisition Context
  • This is CAS’s 1st transaction in the Manufacturing sector.
  • This is CAS’s 3rd transaction in the United States.
  • This is CAS’s 1st transaction in Florida.

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M&A Deal Summary

Date February 12, 2022
Target RND Automation
Sector Manufacturing
Buyer(s) CAS
Sellers(s) Saw Mill Capital
Deal Type Add-on Acquisition

Target Company

RND Automation

Lakewood Ranch, Florida, United States
RND Automation designs, engineers and integrates automation solutions for packaging and assembly applications in the medical device, life sciences, and consumer products sectors, among others. Core offerings include platform-agnostic robotics and vision systems integration and custom and standard packaging and assembly automation equipment. RND Automation was founded in 2005 and is based in Lakewood Ranch, Florida.
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Buyer Overview 1

Buyer

CAS

North Attleboro, Massachusetts, United States

Category Company
Sector Machinery
DESCRIPTION

CAS designs integrate and distribute innovative, highly engineered automation products, solutions, and services to end-users and leading manufacturers of technologically advanced equipment. CAS is based in North Attleboro, Massachusetts.


Deal Context for Buyer #
Overall 3 of 3
Sector: Manufacturing 1 of 1
Type: Add-on Acquisition 3 of 3
State: Florida 1 of 1
Country: United States 3 of 3
Year: 2022 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-12 iAutomation

North Attleboro, Massachusetts, United States

iAutomation is a designer and distributor of innovative, highly engineered automation products, solutions, and services to leading manufacturers of technologically advanced automated equipment. iAutomation was established in 1997 and is based in North Attleboro, Massachusetts.

Buy -

Seller Profile 1

SELLER

Saw Mill Capital

Briarcliff Manor, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 610M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Saw Mill Capital is a private equity firm focused on middle-market company acquisitions valued up to $200 million. Saw Mill prefers businesses with defensible market positions, solid growth prospects, and historical cash-flow. Sectors of interest include manufacturing, specialty distribution, and service. Saw Mill looks to commit between $15 and $75 million per transaction in companies with at least $3 million of EBITDA. Saw Mill will not invest in retail, healthcare services, media/telecom, information technology, financial services, personnel based services, apparel or businesses driven by fad or fashion. Saw Mill Capital was formed in 1997 and is based in Briarcliff Manor, New York.


Deal Context for Seller #
Overall 13 of 15
Sector: Manufacturing 3 of 3
Type: Add-on Acquisition 4 of 4
State: Florida 1 of 2
Country: United States 12 of 14
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-12 iAutomation

North Attleboro, Massachusetts, United States

iAutomation is a designer and distributor of innovative, highly engineered automation products, solutions, and services to leading manufacturers of technologically advanced automated equipment. iAutomation was established in 1997 and is based in North Attleboro, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-21 Rasa Floors

Carrollton, Texas, United States

Rasa Floors is a flooring installation provider serving both repair and renovation and new construction applications, with a focus on the multi-family market. The Company offers a full suite of flooring solutions to multi-family property managers and property management companies across the Southeast and Southwest. Rasa Floors was formed in 1994 and is based in Carrollton, Texas.

Buy -