(1888 PressRelease) On December 17, 2020, Saw Mill Capital acquired RND Automation out of Lakewood Ranch, Florida to boost its industrial automation portfolio which currently includes iAutomation out of North Attleboro, Massachusetts. This strategic acquisition will allow both RND and iAutomation to expand their service offerings and exchange expertise, while also expanding their presence along the East Coast.

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 has built with Saw Mill.”

Gregg Holst added, “We are excited to now have a formal partnership in place in the Saw Mill family that will allow us to leverage our combined capabilities and build expertise in all three of the critical industrial automation disciplines: motion control, vision, and robotics. Together we will be able to deliver best in class capabilities and services to our respective customer bases and beyond.”

Tim Nelson, a Partner at Saw Mill Capital, said, “This acquisition represents a unique opportunity for both RND and iAutomation to expand their service offerings and exchange expertise, while also expanding their presence along the East Coast, providing industry-leading solutions for the automation market today.”

Saw Mill is committed to helping its portfolio companies achieve their full growth potential, both organically and through strategic acquisitions. We continue to seek attractive automation companies to add to the Saw Mill portfolio.

ABOUT RND AUTOMATION
Founded in 2005 and based in Lakewood Ranch, FL, RND Automation designs, engineers and integrates automation solutions for packaging and assembly applications in the medical device, life sciences, and consumer products sectors, among others. Core offerings include platform-agnostic robotics and vision systems integration and custom and standard packaging and assembly automation equipment. For more information, please visit www.rndautomation.com.

ABOUT IAUTOMATION
Headquartered in North Attleborough, MA, iAutomation is a designer and distributor of innovative automation products, solutions, and services to the world's leading manufacturers of technologically advanced automated equipment. For more information, please visit www.i-automation.com.

ABOUT SAW MILL CAPITAL
Based in Briarcliff Manor, NY, Saw Mill Capital is a private equity firm that acquires business service, specialty distribution, and manufacturing businesses with enterprise values of $25 million to $200 million. Since 1997, Saw Mill Capital has been partnering with management teams to help successful businesses reach their full potential. For more information, visit www.sawmillcapital.com.