Saw Mill Capital continues iAutomation's acquisition strategy, Adding RND Automation

Saw Mill Capital Partners II, LP and subsidiary private value venture reserves oversaw by Saw Mill Capital LLC (altogether alluded to in this as "Saw Mill") are satisfied to declare the securing of RND Automation ("RND"). "This securing speaks to an exceptional chance for iAutomation to extend its joining, vision, and advanced mechanics abilities while likewise giving an actual impression in the southeast," remarked Tim Nelson, Partner at Saw Mill. During these unprecedented occasions, the pandemic is reinforcing the situation for advanced mechanics and mechanization.

iAutomation has demonstrated throughout the long term that they are focused on going past and turning into the most complete asset for its customers and accomplices. This latest vital move with RND robotization demonstrates that responsibility and it is only the start. RND Automation is Florida's biggest custom mechanical technology, bundling, and gathering hardware producer settled in Lakewood Ranch, Florida.

"We are excited by this opportunity to partner with Saw Mill to take our growth to the next level," stated Sean Dotson, President 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."

"To now have a stand-alone affiliate company that when applicable will leverage our combined capabilities is extremely exciting," stated Gregg Holst, CEO of iAutomation. "We now will be able to round out our goal of having capabilities 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 collective customer base and beyond."

Saw Mill is focused on aiding all its portfolio organizations accomplish their full development potential, both naturally and through essential acquisitions. All of Saw Mill's Fund II portfolio ventures, including iAutomation, are effectively looking for acquisitions.

ABOUT RND AUTOMATION

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.

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.