Jordan Knauff & Company Announces Crown Acquisition
Jordan Knauff & Company is pleased to announce that Crown ESA, a leading service firm providing industrial automation and process control systems for multiple, diverse industries, has been acquired by Glenmount Global Solutions of Irvine, California. Jordan Knauff & Company, an investment bank with offices in Chicago, Illinois, and Kansas City, Missouri, served as the exclusive financial advisor to Crown ESA and facilitated the transaction with Glenmount Global Solutions.
Crown ESA, based in Portage, Indiana., focuses on the metals and marine markets, with U.S. Steel, Mittal Steel, Nucor Steel, and Jupiter Aluminum among its customers in the steel and aluminum industries. In the marine industry, the company delivers a broad spectrum of applications, including propulsion and navigation controls to General Dynamics and the Military Sealift Command. Crown ESA has distinguished itself from its competitors with multiple discipline engineering capabilities and an expertise in both new and old technologies.
Founded in 1992, Crown ESA has been ranked among the 500 fastest growing companies in the U.S., and was recognized for its excellent past performance and future growth prospects in 2000 and 2001 by receiving the Indiana Growth 100 Award.
“We are pleased with the completion of this acquisition that gives a top performing Midwestern company the resources to experience their growth potential and support their customers, both domestically and globally,” said Douglas Olds, Vice President of Jordan Knauff & Company.
“We see a lot of complementary benefits available to both parties and we believe the enterprise created by this acquisition has an outstanding chance to become a dominant force in this otherwise highly fragmented industry,” Olds continued.
Glenmount Global Solutions is the leading independent industrial IT services firm in North America, providing automation solutions to industrial business processes across a variety of industries.
About Jordan Knauff & Company, LLC
Jordan Knauff & Company provides a comprehensive line of investment banking services to private companies of American business. Jordan Knauff & Company specializes in providing mergers and acquisitions advisory, capital formation, and strategic financial services to companies across the U.S. in a variety of industries. Typical transaction sizes range from $10 million to $300 million in total consideration.
To learn more about Jordan Knauff & Company, please visit www.jordanknauff.com or contact G. Cook Jordan, Jr. at firstname.lastname@example.org or 312-254-5901.
About Crown ESA
Crown ESA is an engineering services company that designs, manufactures, and integrates process control, automation, and motion control systems that are used in continuous, batch, and discrete manufacturing processes across a wide variety of industries. Founded in 1992, the Company is headquartered in Portage, Indiana, with additional offices located in Youngstown, Ohio, and Chesapeake, Virginia. Crown currently provides products and services to a diverse customer base that includes an impressive list of major domestic and international manufacturing and industrial processing companies in a variety of industries including steel production, metals processing, marine vessels, consumer product packaging, transportation equipment, petroleum and petrochemical, and many others. To learn more about Crown ESA, please visit www.crown-esa.com or contact Thomas Adams at 219-762-0700.
About Glenmount Global Solutions
Glenmount Global Solutions delivers industrial IT solutions for manufacturing and processing facilities worldwide through its Crown, FluidIQs ®, and Tegron ® operating units. Glenmount Global Solutions is a customer-focused professional services firm that provides world-class industrial automation and data integration services through aligned associates, industry knowledge, and technical expertise. To learn more about Glenmount Global Solutions, please visit www.glenmountglobal.com or contact Michael E. Johnson at 949-475-0055.