M&A Deal Summary

Rockwell Automation Acquires Verve Industrial Protection

On November 6, 2023, Rockwell Automation acquired information technology company Verve Industrial Protection from Aldine Capital Partners

Acquisition Highlights
  • This is Rockwell Automation’s 6th transaction in the Information Technology sector.
  • This is Rockwell Automation’s 18th transaction in the United States.
  • This is Rockwell Automation’s 1st transaction in Missouri.

M&A Deal Summary

Date 2023-11-06
Target Verve Industrial Protection
Sector Information Technology
Buyer(s) Rockwell Automation
Sellers(s) Aldine Capital Partners
Deal Type Add-on Acquisition

Target

Verve Industrial Protection

Florissant, Missouri, United States
Verve Industrial Protection specializes in industrial control systems (ICS), cybersecurity, and technical services. Verve Industrial Protection was founded in 1994 and is based in Florissant, Missouri.

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Buyer(S) 1

Buyer

Rockwell Automation

Milwaukee, Wisconsin, United States

Category Company
Founded 1903
Sector Machinery
Employees29,000
Revenue 9.1B USD (2023)
DESCRIPTION
Rockwell Automation's corporate headquarters in downtown Milwaukee, Wisconsin.
Rockwell Automation's corporate headquarters in downtown Milwaukee, Wisconsin.

Rockwell Automation is a provider of industrial automation power, control and information solutions that help manufacturers achieve a competitive advantage for their businesses. Rockwell Automation was formed in 1903 and is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 29 of 29
Sector (Information Technology) 6 of 6
Type (Add-on Acquisition) 28 of 28
State (Missouri) 1 of 1
Country (United States) 18 of 18
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-05 Clearpath Robotics

Kitchener, Ontario, Canada

Clearpath Robotics is an autonomous robotics company for industrial applications. The Company looks to automate work with autonomous mobile robots, creating safer and more productive workplaces. Clearpath Robotics is based in Kitchener, Ontario.

Buy -

Seller(S) 1

SELLER

Aldine Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Aldine Capital Partners is a mezzanine investment firm that provides mezzanine and junior capital financing to lower middle-market companies generating sales of at least $10 million and at least $2 million in EBITDA. Aldine invests in the range of $4 to $25 million per transaction. Types of transactions include management buyouts, acquisition financings, shareholder liquidity events, recapitalizations, and growth financings of smaller middle-market companies. Aldine will consider investments across the United States, but has a primary focus on opportunities in the Midwest. The Firm will not consider investments in start-ups, turnarounds, real estate, insurance, banking, and oil/gas. Aldine Capital was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 24 of 24
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 14 of 14
State (Missouri) 1 of 1
Country (United States) 24 of 24
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-26 Ally Services

Fredericksburg, Virginia, United States

Ally Services is a regional provider of essential home and facility services, including repair, maintenance, and replacement of plumbing, water filtration, and HVAC systems. Ally Services is based in Fredericksburg, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-20 Preferred Mortgage Services

Henderson, Nevada, United States

Preferred Mortgage Services is an independent provider of mortgage servicing solutions for the financial industry, providing loan accounting, investor reporting, account reconciliation, and other services to a wide spectrum of mortgage servicers. Its cloud-based exception management platform, Q, comprehensively supports investor reporting and accounting needs. Preferred Mortgage Services is based in Henderson, Nevada.

Buy -