High Street Capital (or “HSC”), alongside Wells Fargo Strategic Capital, is pleased to announce that its portfolio company Tramec (www.tramec.com) has completed the acquisition of CS Automation (or “CS”) (www.csautomation.net), an Ontario, NY-based designer and manufacturer primarily of pneumatic automation controls, machine and motion controls, and machine framing and safeguarding for industrial and heavy-duty customers. CS serves as an authorized distributor for market-leading manufacturers SMC, Mitsubishi Electric, Rexroth, and Alkon, among others.
The combination presents numerous opportunities to broaden Tramec’s presence in the industrial automation sector, in addition to strengthening its core heavy-duty capabilities, by opening new sales channels for Tramec Sloan products and realizing synergies available from, among other sources, the two companies’ previous relationship as both customers and suppliers of one another.
“We are thrilled to welcome CS Automation to the Tramec family of companies, as we saw a clear fit from our longstanding association in the marketplace and shared commitment to growth,” said Gary Sullo, President and CEO of Tramec. Derek Gollnitz, Vice President of High Street Capital, added, “HSC saw exciting cross-selling opportunities and new end-market exposures available from this acquisition and was proud to support it. We envision this partnership creating substantial value for Tramec and CS’s stakeholders going forward.”
Please contact Derek Gollnitz (312.423.2658 or derek@highstreetcapital.com) with any questions or related opportunities that might be a fit for Tramec.
HSC is also seeking other new platform opportunities for Fund V in the areas of outsourced business services, niche manufacturing, and value-added distribution. Please contact us for businesses with revenues between $10 million and $100 million where our capital, experience, and ideas could be used to leverage management’s capabilities to drive future growth.