Exit Strategies serves as M&A advisor in industrial automation distributor merger-acquisition.
Exit Strategies, Group Inc. is pleased to announce that H&P Technologies and its wholly owned subsidiary Behco, Inc. (www.behco.com) has acquired Xanthus, Inc., doing business as Axis Systems (www.axis-systems.com ) of Auburn Hills, Michigan. Exit Strategies served as exclusive M&A advisor to Axis Systems for this transaction.
Established in 1976 by Tim Kline, Axis Systems is a leading supplier of quality automation technology solutions to Michigan manufacturers, specializing in motion, safety, sensors and collaborative robotics. It has a reputation for selling technologically advanced products, having strong technical/product knowledge, engineering competitive solutions, and providing excellent after-sale commercial support. H&P Technologies and its Behco subsidiary is an automation technology distributor and integrator providing pneumatic, hydraulic and electro-mechanical solutions technologies.
In acquiring Axis Systems, H&P expects to be better positioned to add value and satisfy the changing needs of its customers in the future. With H&P’s integration and manufacturing capabilities, the combined company will be a stronger value-added partner for Axis Systems’ long-term suppliers and loyal customers. Tim Kline, founder and CEO of Axis said, “After owning and managing Axis for almost 30 years, I am pleased to be passing its legacy on to another Michigan-based, family owned and operated company.” Tim Kline will remain with the company for at least a year. Deal terms remain confidential.
Al Statz, President of Exit Strategies, who led the transaction, stated “We are proud to have represented Axis in the sale to H&P. Our team prepared an analysis of Axis’ operations, identified, interviewed and qualified multiple high probability buyer candidates, and presented three finalists for Axis to consider. Tim Kline said, “I could not have chosen a better advisor to help me exit than Al and Exit Strategies. They were exceptionally knowledgeable, organized and effective in lining up a great buyer, negotiating terms, and quarterbacking the entire sale/acquisition process. Al’s industrial automation industry knowledge benefited both Axis and H&P.”
About Exit Strategies
Exit Strategies Group, Inc. is a respected lower middle-market mergers and acquisitions advisory and business valuation firm based in California. The firm applies proven processes and meticulous attention to detail in helping business owners sell, merge and acquire companies, as well as partner with private equity groups to grow and maximize value in an eventual exit. Exit Strategies Group advisors have more than 100 years of combined experience in business M&A transactions across a variety of industries including industrial automation and robotics. For more information contact Al Statz, firstname.lastname@example.org or 707-781-8580.