M&A Deal Summary

Shore Capital Partners Acquires ONDEX Automation

On August 1, 2024, private equity firm Shore Capital Partners acquired manufacturer ONDEX Automation

Acquisition Highlights
  • This is Shore Capital Partners’ 1st transaction in the Manufacturing sector.
  • This is Shore Capital Partners’ 60th transaction in the United States.
  • This is Shore Capital Partners’ 15th transaction in Illinois.

M&A Deal Summary
Date 2024-08-01
Target ONDEX Automation
Sector Manufacturing
Buyer(s) Shore Capital Partners
Deal Type Consolidation

Target

ONDEX Automation

Oak Brook, Illinois, United States
ONDEX Automation is a provider of factory automation systems integrator to support North American manufacturers on their most challenging automation and integration needs. ONDEX Automation is based in Oak Brook, Illinois.

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Buyer(S) 1

Buyer

Shore Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 9.1B USD
Size Mega
Type Sector Focused
DESCRIPTION

Shore Capital Partners is a private equity group focused on opportunities in healthcare, food/beverages, and business services. Specific healthcare areas of interest include infusion therapy, laboratory services, laboratory products/distribution, outpatient rehab therapy, and behavioral health. Shore looks to invest in proven businesses with stable cash-flows and 'significant' growth potential. Prospective companies typically have $5 to $100 million in sales and $1 to $10 million of EBITDA. Shore Capital was formed in 2009 and is based in Chicago, Illinois.

DEAL STATS #
Overall 61 of 63
Sector (Manufacturing) 1 of 1
Type (Consolidation) 9 of 9
State (Illinois) 15 of 16
Country (United States) 60 of 62
Year (2024) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-19 Innovate 32

Nashville, Tennessee, United States

Innovate 32 is a dental services organization that supports a growing network of premier dental practices, delivering best-in-class patient experiences through unmatched partner support. Innovate 32 provides a firm foundation of essential management resources for its partners, empowering them to remain focused on delivering the best patient care possible. Innovate 32 is based in Nashville, Tennessee.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 Tandem HR

Westchester, Illinois, United States

Tandem HR is a nationwide, full-service HR technology and solutions leader servicing small, mid-size, and enterprise companies. The company is currently comprised of four brands Tandem HR, a professional employer organization (PEO) offering HR outsourcing solutions, two leaders in highly customized brokered benefits for groups and individuals, benefit solutions group and alliance workplace solutions, and workplace solutions, a provider of comprehensive employee assistance programs (EAP). Tandem HR was founded in 1998 and is based in Westchester, Illinois.

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