Conshohocken, PA – Rankin Automation, LLC (“Rankin” or the “Company”) has been acquired by Flow Control Group, a portfolio company of KKR & Co. Inc.
Hennepin Partners served as Rankin’s exclusive financial advisor and McCausland Keen + Buckman served as legal counsel. Terms of the transaction were not disclosed.
Headquartered in Conshohocken, PA (outside of Philadelphia), Rankin is a full-service provider of automation and motion control solutions. Rankin’s value-added distribution model is defined by engineering and technical expertise, application know how, consultative selling and value-added assembly and manufacturing services. These lasting competitive advantages complement a broad offering of product/system solutions across partnerships with technology leading vendors spanning pneumatics, electric actuation, robotics, controls, guards & frames and sensors technologies. Rankin serves blue-chip OEMs, end-users and MRO customers globally across high-growth, diverse end-markets such as e-commerce, electronics, life science, factory automation and food & beverage.
“Hennepin Partners delivered a world-class transaction defined by senior bankers leading the process from start to finish and providing strategic advice and guidance at every phase of the process. They created access to a universe of buyers that we did not know existed. This expanded view enabled Rankin to find the best partner to support our continued growth.” Said Carter Williams, President of Rankin Automation. “In Flow Control Group, we found a partner who understands our business and our team culture and has the resources to support additional aggressive growth.”
“This acquisition accelerates our strategy to expand our footprint across North America with market leading products and solution providers,” said Thomas Schiller, President of Flow Control Group’s AutomaTech and Cimtec Operating Groups. “The need across all markets to continuously innovate in order to achieve efficiency and greater precision with higher‐quality, smaller, faster and lighter solutions will fuel long‐term automation growth. We are delighted to welcome Rankin’s talented employee base to the Flow Control Group family.”