Citizens M&A Advisory served as the financial advisor to Leadec in its acquisition of Diversified Automation, an automation controls and software solutions provider to the express parcel industry.
Headquartered in Louisville, KY, Diversified Automation serves global express parcel and e-commerce companies, prime contractors and integrators with end-customers, including Amazon, FedEx Ground and UPS.
Headquartered in Stuttgart, Germany, Leadec, a portfolio company of Triton, is an engineering, installation, maintenance and support service specialist for industrial facilities.
“Engineering and process automation are the spearhead of Leadec’s service offering across the factory life cycle. Diversified Automation ideally completes our service portfolio with controls and software solutions for the parcel industry, a market segment which is thriving due to the growth of e-commerce. This also strengthens the technical profile of our U.S. operations,” Markus Glaser-Gallion, CEO of the Leadec Group, said.
“Diversified Automation supports Leadec’s diversification into new end markets with high-growth potential. The deal strengthens the resilience of our business model,” Christian Geissler, CFO of the Leadec Group, said.
“We appreciate the Leadec team for the trust they place in Citizens as their exclusive buy-side advisor to identify high-value market segments and companies that expand their customer base and service offering in North America. Citizens’ extensive knowledge of the industrial automation sector allowed us to recognize this opportunity for Leadec to enhance its service offering by entering the high-growth parcel sortation market. We are thrilled that we were able to leverage our expertise and relationships in the industry to identify Diversified Automation as an ideal partner for Leadec,” Matt Mueller, managing director at Citizens, said.
Citizens M&A Advisory provides services in middle market mergers and acquisitions as well as later-stage financing transactions.
