B. Riley Securities, a middle market investment bank, served as the exclusive financial advisor to Q-mation, in connection with its recapitalization by The Halifax Group.
“We are very proud to have advised Q-mation on this transaction,” Nishen Radia, senior managing director, head of M&A at B. Riley Securities, said. “The alignment between Q-mation and Halifax Group was clear from the start, and we are confident this partnership will drive tremendous long-term value for all parties involved.”
“We are excited to join forces with Halifax and work towards a shared strategic vision for Q-mation,” Bob D’Agostino, CEO of Q-mation, said. “We look forward to leveraging the Halifax team’s experience in IT services and industrial automation as well as the firm’s financial and operational resources to help us deepen our value proposition to our customers, OEM partners and employees.”
“Q-mation’s impressive understanding of its customers’ industrial automation needs has helped the company deliver solutions that drive meaningful results for its customers,” Davis Hostetter, managing director at Halifax, said. “Leading companies across a variety of industries rely on automation software to innovate and optimize their footprints, and Q-mation supports them along the journey. Its success is reflected in its deep customer relationships and superior execution, which we will build upon as we support the company’s future growth.”
“IT services and industrial automation are key focus areas for Halifax, around which we have developed a deep expertise and strategies for growth,” David Bard, partner at Halifax, said. “We are delighted to partner with Bob and his team as we work to refine and expand Q-mation’s differentiated market position and amplify its decades-long success.”
B. Riley’s deal team was led by Nishen Radia and included Colin Welch and Jonathan Davis.
