LOS ANGELES, January 6, 2025 -- B. Riley Securities, Inc. ("B.
Riley"), a leading middle market investment bank, is pleased to have
served as the exclusive financial advisor to Q-mation, Inc.
("Q-mation" or the "Company") in connection with its
recapitalization by The Halifax Group, LLC. ("Halifax Group").
Nishen Radia, B. Riley Securities, Senior Managing Director, Head of M&A,
"We are very proud to have advised Q-mation on this transaction. The alignment
between Q-mation and Halifax Group was clear from the start, and we are
confident this partnership will drive tremendous long-term value for all
parties involved."
Headquartered in Horsham, PA, Q-mation is a leading industrial automation
software, services, and solutions provider. The Company is the largest North
American distributor of AVEVA software solutions and delivers expert technical
support and implementation services to various industries through its
world-class services group.
"We are excited to join forces with Halifax and work towards a shared strategic
vision for Q-mation," commented Q-mation CEO, Bob D'Agostino. "We look forward
to leveraging the Halifax team's experience in IT services and industrial
automation as well as the firm's financial and operational resources to help us
deepen our value proposition to our customers, OEM partners, and employees."
"Q-mation's impressive understanding of its customers' industrial automation
needs has helped the Company deliver solutions that drive meaningful results
for its customers," said Davis Hostetter, Managing Director at Halifax.
"Leading companies across a variety of industries rely on automation software
to innovate and optimize their footprints, and Q-mation supports them along the
journey. Its success is reflected in its deep customer relationships and
superior execution, which we will build upon as we support the Company's future
growth."
Founded in 1999, Halifax Group is a private equity firm that partners with
managers and entrepreneurs to recapitalize and invest in lower middle-market
businesses with total enterprise values generally between $100 million and $300
million. Halifax specializes in equity recapitalizations, corporate carve-outs,
and management buyouts and invests across a variety of industries, including
health and wellness, outsourced business services, and franchising.
David Bard, Partner at Halifax added, "IT services and industrial automation
are key focus areas for Halifax, around which we have developed a deep
expertise and strategies for growth. We are delighted to partner with Bob and
his team as we work to refine and expand Q-mation's differentiated market
position and amplify its decades-long success."
B. Riley's deal team was led by Nishen Radia and included Colin Welch and Jonathan Davis.
Read more about the transaction here.
Please contact Nishen Radia, Senior Managing Director, Head
of M&A, at (310) 405-7040, or Colin Welch, Vice President, at (310)
405-7007, for more information regarding this transaction.
About B. Riley Securities
B. Riley has served as a preeminent fixture in middle market brokerage and
investment banking for over 25 years. We provide a full suite of investment
banking and capital markets services to companies, financial sponsors, and
institutional investors across all industry verticals. Investment banking
services include initial, secondary and follow-on offerings, institutional
private placements, merger and acquisition (M&A) advisory, SPACs, debt
financings, corporate restructuring and recapitalization. Widely recognized for
our thematic proprietary equity research, clients benefit from B. Riley's
extensive network, industry expertise, and proven execution capabilities of our
end-to-end financial services platform. Please see disclosures about B. Riley
Securities Research here. The firm is a subsidiary of B. Riley
Financial (Nasdaq: RILY). For more information, visit www.brileysecurities.com.
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