M&A Deal Summary

Crestview Partners Acquires CONVERGIX Automation Systems

On May 26, 2022, private equity firm Crestview Partners acquired manufacturer CONVERGIX Automation Systems

Acquisition Highlights
  • This is Crestview Partners’ 4th transaction in the Manufacturing sector.
  • This is Crestview Partners’ 39th transaction in the United States.
  • This is Crestview Partners’ 5th transaction in Michigan.

M&A Deal Summary
Date 2022-05-26
Target CONVERGIX Automation Systems
Sector Manufacturing
Buyer(s) Crestview Partners
Deal Type Consolidation

Target

CONVERGIX Automation Systems

Auburn Hills, Michigan, United States
CONVERGIX Automation Systems provides comprehensive products, technology and services that enhance productivity, optimize talent and resources and improve business outcomes. CONVERGIX Automation Systems was founded in 2022 and is based in Auburn Hills, Michigan.

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Buyer(S) 1

Buyer

Crestview Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crestview Partners is a private equity firm focused on challenging investment situations. Crestview targets opportunities across a broad range of industries, with a special interest in asset management, media, healthcare and financial service companies. The Firm looks to commit $100 to $250 million of equity capital in transactions valued between $500 million and $3 billion. Crestview Partners was formed in 2004 and is based in New York, New York.

DEAL STATS #
Overall 50 of 55
Sector (Manufacturing) 4 of 4
Type (Consolidation) 3 of 4
State (Michigan) 5 of 6
Country (United States) 39 of 44
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 Emerald Technologies

San Jose, California, United States

Emerald Technologies is an electronics manufacturing services provider specializing in high-mix, low-volume engineering, design, prototyping, testing, assembly and lifecycle support services for blue-chip original equipment manufacturers across a range of end markets. Emerald Technologies is based in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-02 OneMagnify

Detroit, Michigan, United States

OneMagnify is a digital marketing and analytics provider that seamlessly connects marketing, technology, and analytics to draw more meaningful insights and provide a greater impact on its clients’ business performance. OneMagnify was founded in 1967 and is based in Detroit, Michigan.

Buy -
Mergr

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