Crestivew Partners has acquired JR Automation from Huizenga Automation Group for an undisclosed sum. The acquisition includes an investment from the management team of JR Automation.
Crestview declined to comment on the transaction.
Holland, Michigan-based JR Automation provides automated manufacturing solutions worldwide. The Huizenga Automation Group had owned JR Automation since 1995.
Bryan Jones and Scot Lindeman will maintain their management roles within the company, now taking over co-CEO positions. Mike DuBose will be Chairman.
Crestview’s investment came from their third vehicle which closed on $3.25 billion, as PEI reported in February. Known investors in that fund include the South Carolina Retirement System Investment Commission, which committed $75 million in November, and the North Carolina Retirement Systems which committed $150 million in May of last year.
Crestview’s Jason Luo will join the board of JR Automation, according to sources familiar with the transaction. Industrial investments are a core area of focus for the firm. JR represents the third industrial investment for Crestview in the past few years.
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