Saw Mill Capital Announces the Acquisition of RND Automation
Briarcliff Manor, NY. 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 acquisition of RND Automation (“RND”), a leading, Florida-based integrator of robotics, vision systems and automation solutions for custom packaging and assembly applications. The terms of the transaction have not been disclosed. The acquisition of RND expands Saw Mill’s portfolio of affiliated automation companies that cross-sell and share synergistic resources to accelerate growth. In 2017, Saw Mill acquired iAutomation, a value-added designer and distributor of highly-engineered automation products, solutions and services for manufacturers of technologically advanced automated equipment.
“We are excited by this opportunity to partner with Saw Mill to take our growth to the next level,” stated Sean Dotson, President and CEO of RND. “We have been partnering with Saw Mill’s portfolio company, iAutomation, for the last couple of years and are impressed by the expansive enterprise Gregg Holst, CEO of iAutomation, and his team have built with Saw Mill.”