DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Carlin Automation, Inc. to Rixan Automation, LLC (a subsidiary of Hunkar Technologies, Inc.). The transaction closed July 12, 2023.
Founded in 1977 and located in Rock Island, Illinois, Carlin Automation, Inc. (CAI) provides product solutions for a wide variety of industrial thermal requirements. The Company is a distributor of premier lines such as Eurotherm Controls, Pyromation, Tempco Electric, Chromalox, and Dynapar.
CAI is also a manufacturer's representative and authorized distributor of industrial temperature controllers, thermocouplers, electric heaters, and a variety of other products. The Company is ISO/IEC 17025:2005 accredited and offers temperature instrument calibrations, System Accuracy Tests (SAT), Temperature Uniformity Surveys (TUS), and instrument repair services.
Rixan Automation (Rixan), located in Dayton, Ohio, has a rich history of innovation and excellence in Robotic Integration, Automation Systems, Warehouse Logistics, Packaging Solutions, Vision Systems, Controls and Custom Production/HMI Systems.
Located in Cincinnati, Ohio, and founded in 1962, Hunkar Technologies is a privately held, rapidly growing, diversified automation company with businesses in Robotic Automation, High Speed Label Application, Machine Vision, Packaging/Material Handling, Data and Barcode Product Tracking, Machine Controls, and Automated EPS Cutting, Forming and Recycling Systems.
Eric Thiemann, CEO of Hunkar Technologies stated, "Carlin Automation will be a wonderful addition to Rixan Automation and Hunkar Technologies. Clients of Carlin will enjoy the same outstanding service and support they have grown to expect since both Pat Carlin as President and Tim Carlin as Vice President and the entire team at Carlin are remaining with the Company.”
Thiemann added, “Current Carlin Automation clients should benefit from new services to be provided by Carlin including Automated System Integration, System Design, Installation, Control System Upgrades, Programming, Robot Repairs, and Manufacturing Equipment Field Support."
Pat Carlin, President of Carlin Automation said, "We are excited to be joining with Rixan Automation and Hunkar Technologies. By combining our business with Hunkar and its Rixan Automation subsidiary, our clients may now benefit from enhanced services that will help them become even more efficient and profitable, without sacrificing the hands-on knowledgeable service they have come to expect and appreciate."
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, Chris Barnard, a Generational Group Authorized Affiliate, with the support of Vice President, Madison Buckley closed the deal. Senior Managing Director, Ashok Tandon established the initial relationship with CAI.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 350 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, wealth management and digital services.
The M&A Advisor named Generational Equity Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. The Global M&A Network named Generational USA Investment Bank of the Year in 2023. For more information visit https://www.genequityco.com/ or the Generational Equity press room.
