Kroll Corporate Finance advised Classic Design on its sale to a portfolio company of Crestview Partners
On March 1, 2022, Crestview Partners (“Crestview”), a leading private equity firm, announced that its recently created automation solutions platform had completed the acquisition of Classic Design (“Classic” or the “ Company”), a Troy, Michigan provider of automation design and systems integration. Following the acquisition of JMP Solutions, Inc. (“JMP”) in August 2021, Classic is the second acquisition as part of Crestview’s strategy to create a market-leading global automation solutions provider.
Kroll’s Business Services M&A Advisory acted as exclusive financial advisor to Classic Design on the transaction.
About Classic Design
Founded in 1974, Classic is an end-to-end designer, developer and integrator of custom automation solutions for automotive and defense customers. Headquartered in Troy, Michigan, with a global footprint in the United States and India and a strong heritage of engineering excellence, Classic is an established and innovative partner capable of delivering custom solutions across diverse systems and applications. Hall Render LP served as legal counsel to Classic. The Doescher Group provided additional support to company management in connection with the transaction.
About JMP Solutions, Inc.
Founded in 1987, JMP is an automation systems integrator providing solutions to various industrial and consumer end markets. It designs, engineers and integrates hardware and software to automate its customers’ manufacturing, production and distribution facilities. Headquartered in London, Ontario, with an established North American footprint consisting of 15 offices in the United States and Canada, JMP’s multi-geographic branch model gives it a strategic advantage over smaller sub-regional competitors, enabling it to provide focused, local support while growing with its best-in-class customer base across geographies and applications.
About Crestview Partners
Founded in 2004, Crestview is a value-oriented, middle-market focused private equity firm. The firm is based in New York and manages funds with approximately $10 billion in total capital commitments. The company is led by a group of partners who have complementary experience and distinguished backgrounds in private equity, finance, operations and management. Crestview has seasoned investment professionals who focus on investment research and management in each of the firm’s specialty areas: industrials, media and financial services.
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