Industrial automation components, systems and services distributor Tavoron was acquired by private equity firm Fusion Capital Partners.
Terms of the transaction were not disclosed.
Minnesota-based Tavoron consists of several operating companies across the U.S. and Canada, specializing in electrical and air automation components, robotic systems and compressed air technologies.
In a Jan. 24 news release, the company said its solutions and services aim to optimize manufacturing processes, improve production quality and enhance workplace safety by helping customers automate tasks for efficiency.
See MDM’s Investment Bank Directory for a rundown of the key investment banks and advisory firms in the distribution sector.
Tavoron was created in early 2024 as the parent company of automation distributor JHFOSTER.
“Tavoron offers a comprehensive range of components and solutions that empower customers to improve operational efficiency, simplify procurement, enhance visibility and reduce downtime caused by labor shortages,” Fusion Principal Jeff Chaney said. “With strong demand for automation across multiple industries, Tavoron is well-positioned to capitalize on these trends given their broad product offering and specialized expertise.”
MDM’s 4Q24 M&A Report (store link)
Tavoron will continue operating from its Minnesota headquarters and will remain under the leadership of its current management team.
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