September 14, 2016
Croft & Bender Serves as Financial Advisor to Automation Control Products in its Sale to Rockwell AutomationCroft & Bender, an Atlanta-based investment banking and private equity firm, is pleased to announce the successful sale of its client, Automation Control Products (ACP), to Rockwell Automation, Inc.
Headquartered in Atlanta, Georgia, ACP is a leading provider of centralized thin client, remote desktop and server management software. ACP’s two core products, ThinManager® and Relevance®, provide manufacturing and industrial leaders with visual display and software solutions to manage information and streamline workflows for a more connected manufacturing environment.
Rockwell Automation (NYSE: ROK), the world’s largest company dedicated to industrial automation and information, makes its customers more productive and the world more sustainable. Headquartered in Milwaukee, Wis., Rockwell Automation employs approximately 22,000 people serving customers in more than 80 countries.
Croft & Bender served as the exclusive financial advisor to ACP on the transaction. "Croft & Bender has been a highly valued and trusted advisor throughout the transaction process. Their expertise and diligent efforts effectively prepared and positioned the Company at each stage and were critical in achieving a highly successful outcome for our employees, customers and shareholders," said ACP CEO, Matt Crandell.
“It has been a pleasure working with the ACP team,” commented Ronnie Goldman, Managing Director at Croft & Bender. “Company founders Matt Crandell and Tim Caine, along with their team, built an outstanding Company with a track record of consistent growth and a reputation as a leading innovator in industrial automation. The Company is a great fit with Rockwell Automation and will continue to deliver mission-critical solutions to leading global manufacturers.”