Graham’s Latest Investment Takes Automation to the Next Level
April 11th, 2024
PHILADELPHIA
Acquires E Tech Group, Automation Systems Integrator
Graham Partners (“Graham”), a private investment firm targeting advanced manufacturing companies, is pleased to announce the acquisition of E Tech Group (“E Tech”). Headquartered in West Chester, Ohio, E Tech is an industrial automation systems integrator that serves a variety of attractive end markets, including life sciences, data centers, consumer packaged goods / food & beverage, and industrial. E Tech partners with customers for both the integration and ongoing operational support of automation solutions within highly regulated operating and manufacturing environments. Graham believes E Tech is one of few automation integrators of nationwide scale, allowing it to attract top engineering talent and positioning it to be an outsized beneficiary of the accelerating adoption of automation.
Graham previously conducted several investment theme studies on automation-driven niches, including one specifically focused on integrators serving advanced manufacturing. Through these studies, Graham identified E Tech as a premier asset in the space given its scale, attractive end market focus, and impressive growth history, including the completion of several complementary add-on acquisitions. Additionally, Graham believes that tailwinds including labor shortages, heightened regulatory oversight, growing technical complexity, and U.S. manufacturing reshoring are accelerating the growth of automation, creating a substantial runway of growth opportunities for E Tech.
Josh Wilson, Managing Principal at Graham Partners, said, “We believe that Graham’s deep experience investing across the end markets served by E Tech positions us as an ideal partner to help the company execute on its next phase of growth.” Rob Newbold, Managing Principal at Graham Partners, added, “Graham has followed E Tech for a number of years, and our research showed it was a clear leader in automation integration. We are excited to be partnering with the E Tech team to continue executing on the exciting growth opportunities ahead of them, including additional targeted add-on acquisitions to expand the ability to serve customers across new end markets and geographies.”
Graham Partners acquired E Tech from Falfurrias Capital Partners who previously acquired the business in 2018.
E Tech Group is one of the largest automation engineering and system integration firms in North America. With locations across North America and more than 600 professionals, the company provides automation, control and information solutions to the Life Sciences, Data Centers, Consumer Products and Food & Beverage and Industrial industries. In addition to its organic growth, E Tech Group has recently grown through the successful acquisition and integration of Glenmount Global Solutions, Superior Controls, E-Volve Systems and Automation Group.
FOR FURTHER INFORMATION CONTACT:
Josh Wilson (jwilson@grahampartners.net)
Rob Newbold (rnewbold@grahampartners.net)
Christina Morin (cmorin@grahampartners.net)
Tel: (610) 408-0500
This press release is for informational purposes and is not an offer to sell, or a solicitation of an offer to buy, securities in the United States or elsewhere. Graham Partners is not utilizing this release to provide investment or other advice, and no information disclosed therein is to be relied upon for the purpose of making investment decisions. Past performance does not guarantee future results and any transactions described are included as representative transactions and are not necessarily reflective of overall performance. It should not be assumed that any investment described herein was or will be profitable. There can be no assurance that historical trends will continue. Graham Partners' market characterization is based on subjective determinations that it believes reasonable but others may disagree with such characterization. There is no guarantee that Graham Partners' initiatives will drive value for E Tech or accelerate growth or lead Graham Partners' investment to become profitable.