Crestview Partners has announced that it has completed the sale of JR Automation Technologies, LLC to Hitachi, Ltd. for USD 1.425 billion in a transaction announced in April 2019, the company said.
The agreement to sell JR was announced on April 23, 2019, and all parties are pleased to have smoothly brought this transaction to a successful conclusion.
Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with over USD 9 billion of aggregate capital commitments. The firm is led by a group of partners who have experience and backgrounds in private equity, finance, operations and management.
Established in 1980, JR Automation is a provider of intelligent automated manufacturing technology solutions that solve customers´ key operational and productivity challenges. JR Automation serves customers across the globe in a variety of industries, including automotive, life sciences, aerospace and more.