Boston, Massachusetts – October 27, 2021 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, today announced that on October 22 it acquired a majority position in Automated Control Concepts, LLC (“ACC” or the “Company”), a systems integrator specializing in process control, manufacturing intelligence and cyber security & industrial networking.
Headquartered in Neptune, NJ, ACC is a leading ‘Industry 4.0’ solutions provider, focused primarily on systems that leverage data to optimize manufacturing efficiency. ACC supports technology platforms from Rockwell Automation, Inductive Automation and Parsec Automation (among others), and is a Tier 1 accredited partner for each vendor. ACC’s expertise is in process automation with deep specialization in the life sciences sector.
The transaction marks a milestone for ACC, facilitating a hand-off from Robert Tomasetta, who founded the Company in 1983. Michael Blechman, shareholder and CEO, stated, “We are proud to have grown ACC to a point where it attracted the interest of a firm like Sverica. The management team looks forward to working with our new capital partner to take ACC to new heights, building upon the foundation of excellence we developed as a provider of technology solutions and products for manufacturing and infrastructure clients.” Kevin Hannigan, President of ACC added, “Having a growth-oriented firm like Sverica as an investor creates a tremendous ability for us to pursue new strategic business areas and provides additional opportunities for our dedicated ACC team members.”
Dave Finley, Managing Partner at Sverica said “We are excited to partner with the ACC team to facilitate the company reaching its full potential. ACC is a high-achieving, high-quality operation with the opportunity to become a leader within an attractive market.” Greg Hylant, Vice President at Sverica added, “What struck us early on in our diligence was the sky-high Net Promoter Score ACC received from its clients, indicating a superior service organization that could be grown into a market-leading provider of Industry 4.0 solutions, with a focus on the life science sector.”