GrayMatter
Provider of industrial automation solutions to the manufacturing, energy and water sectors
Confluence Advisors, LLC (“Confluence”) served as the exclusive advisor to Advanced Controls and Distribution (ACD), a wholly owned subsidiary of Premier Automation Holdings with respect to its sale to Genuine Cable Group (“GGC”), a portfolio company of Audax.
ACD is a provider of unique automation solutions for customers across western Pennsylvania, West Virginia and eastern Ohio. ACD’s full line offering ranges from controls to high-tech automation products from manufacturers including Siemens and Banner and robotics solutions from Nachi and more, along with an extensive supply of supporting products. ACD customers rely on their knowledgeable sales team and application engineers to select the right solutions for their specific needs.
Mike Gunniers, President of Premier Automation Holdings shared, “The Confluence team was instrumental in the sale of ACD. Their sale process created competition that exceeded my expectations. The team’s knowledge of finance and accounting helped navigate the diligence process to ensure a smooth transaction.”