Brad Stegmann and Mike Pires buy out majority shareholder
Modesto, CA – The management team of Industrial Automation Group, a leading industrial automation software and controls company specializing the in the food and beverage industry, announced today that its management team has bought out its former majority shareholder, Modesto Industrial Electric, Inc. Following the transaction, Brad Stegmann, who has served as President of Industrial Automation Group (which has now been renamed Automation Group), will be the controlling shareholder.
Automation Group has exclusively focused on providing controls engineering services to complex high-performance food and beverage manufacturers since 2002. Over the last sixteen years the firm has rapidly expanded and services some of the most well-known blue-chip consumer brands in food and beverage including Conagra, Gallo Winery, Foster Farms, and others. With more than 75 employees in the Central Valley, Automation Group is one of the largest firms exclusively serving this industry.
“This is a huge milestone for our team, and we could not be more excited about our future,” stated Stegmann. “We are looking forward to continuing to develop the industry’s most innovative and productivity-enhancing solutions for our customers, and adding resources to further enhance the market-leading support services we provide for them,” Stegmann concluded.
“Part of Automation Group’s success is based on their deep expertise and esteemed reputation in the food and beverage industry, which allows them to earn and maintain the industry’s most demanding clients,” said Curt Rocca, Partner at DCA Capital Partners, who provided capital to help fund the buyout. “DCA is proud to work with such a highly capable company, and continuing to support their future growth.”
Industrial automation control panels are assembled in-house, providing Automation Group control over the construction, testing, and quality of panels that are delivered to its clients. The company goes above and beyond to meet the needs of its customers by offering 24/7/365 support and maintenance services.
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About DCA Capital Partners
Based in Sacramento, DCA Capital Partners provides expansion capital to growth-oriented, middle-market businesses in under-served communities across California and the Southwest. The Fund provides promising companies with the capital and expertise needed to successfully expand and extend their businesses.
About Automation Group
Automation Group serves the Food and Beverage industry and we serve it well. Our specific product and application experience has lead us to the implementation of complex automation solutions across North America. We create a best-in-class technology path for America’s food and beverage manufactures by integrating proven automation, networking, and virtualization solutions. We are headquartered in Modesto, California, with additional locations in Reno, Sacramento, Napa, and Visalia.
Contact
Steve Mills, Partner
DCA Capital Partners
smills@dcacapital.com
www.dcapartners.com