Key Takeaways
- • Shore Capital-backed Ondex Automation, a Chicago-based discrete and process automation systems integrator, has acquired The Fitch Company, an electrical engineering firm, expanding its service capabilities in the industrial automation sector.
- • The acquisition strengthens Ondex Automation's market position by adding electrical engineering expertise to its existing automation systems integration portfolio, creating a more comprehensive solution offering for clients.
- • This deal represents continued consolidation activity within the industrial automation and systems integration sector, where platform companies backed by financial sponsors pursue add-on acquisitions to build scale and service breadth.
Summary
Ondex Automation, a Chicago-based systems integrator specializing in discrete and process automation, has completed the acquisition of The Fitch Company, an electrical engineering firm. The transaction marks an expansion of Ondex's service capabilities within the industrial automation market.
Ondex Automation, backed by Shore Capital, provides automation systems integration services focused on both discrete manufacturing and process automation applications. The addition of The Fitch Company's electrical engineering expertise enhances Ondex's ability to deliver integrated solutions to its client base, allowing the combined entity to offer end-to-end automation and engineering services under a unified structure.
The acquisition strategy reflects a broader consolidation trend within industrial services and automation sectors, where financial sponsors support platform companies in executing add-on acquisitions to increase scale, service offerings, and market penetration. This approach enables the combined entity to cross-sell capabilities to existing customer bases and expand addressable market opportunities within industrial automation and engineering services.
Ondex Automation, backed by Shore Capital, provides automation systems integration services focused on both discrete manufacturing and process automation applications. The addition of The Fitch Company's electrical engineering expertise enhances Ondex's ability to deliver integrated solutions to its client base, allowing the combined entity to offer end-to-end automation and engineering services under a unified structure.
The acquisition strategy reflects a broader consolidation trend within industrial services and automation sectors, where financial sponsors support platform companies in executing add-on acquisitions to increase scale, service offerings, and market penetration. This approach enables the combined entity to cross-sell capabilities to existing customer bases and expand addressable market opportunities within industrial automation and engineering services.
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