Shore Capital Partners Announces Formation of ONDEX Automation
01 Agosto 2024 - 8:00AM
Business Wire
Shore Capital Partners (“Shore” or “Shore Capital”) is pleased
to announce the formation of ONDEX Automation (“ONDEX” or the
“Company”) with the completion of its first strategic partnership
with LIVE Automation (“LIVE”). ONDEX Automation, headquartered in
Chicago, IL, is a factory automation systems integrator designed to
support North American manufacturers on their most challenging
automation and integration needs.
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“Shore and ONDEX are proud and excited to partner with Mike
Barone and LIVE Automation as the first partnership for our systems
integrator platform. Mike has built a great business with extensive
expertise in PLC controls and custom automation services and has
established a tremendous reputation among their customer base,”
said Scott Luby, Vice President at Shore Capital and ONDEX Board
Member. “Shore’s extensive resources and network will allow us to
identify markets and businesses positioned for continued growth,
partner with motivated business leaders like Mike Barone, and
provide best-in-class innovative services to North American
manufacturers.”
Founded in 2001, LIVE Automation is a factory systems integrator
serving customers in the medical device, food & beverage, and
aerospace & defense industries, among others. Based in
Sterling, MA, LIVE provides a variety of automation and integration
services including PLC controls integration, SCADA/MES solutions,
and aftermarket support across its customer base.
ONDEX Automation is launching with a talented management team
led by Chief Executive Officer, Justin Kerr, a distinguished
executive with 20 years of experience driving significant business
transformations, large-scale M&A and new market entry
initiatives across industrial and technology markets. Prior to
joining ONDEX Automation, Justin served as the Vice President &
General Manager of the Industrial Solutions Unit at Molex.
“I am thrilled to partner with Shore, LIVE Automation, and our
renowned Board of Directors to found ONDEX Automation,” Kerr said.
“Our vision is to create a leading systems integrator that supports
our North American manufacturing customer base in end markets that
include food and beverage, life sciences, medical device,
pharmaceutical, semiconductor, water/wastewater, among others. I
look forward to working with Shore Capital and our Board of
Directors to continue partnering with best-in-class systems
integrators.”
“The industrial automation sector is a key focus of Shore’s
Industrial Services Fund. We are excited to kick off our platform
with Justin Kerr and LIVE Automation, and we are eager to partner
with business leaders who share our values and vision for growth,”
added John Sznewajs, Partner at Shore Capital and ONDEX Board
Member.
Bolstered by a world-class Board of Directors comprised of
industry thought leaders and operators, experienced industrial
automation business leaders and entrepreneurs, and manufacturing
experts, ONDEX and Shore continue to invest in people and processes
to support the operations of the integrator partners. The Company
will actively pursue opportunities to partner with North American
systems integrators with a wide range of capabilities, experienced
engineering talent, and a culture that is aligned with the vision
of the platform.
To learn more about partnerships with Ondex Automation, please
visit https://www.ondex.ai/, or contact Justin Kerr
(jkerr@ondex.ai).
About Shore Capital Partners
Shore Capital, a Chicago based private equity firm with offices
in Nashville, is an investor in lower middle market companies in
the Healthcare, Food and Beverage, Business Services, Industrial,
and Real Estate industries. Shore’s strategy is to support
management partners to grow faster with less risk, through access
to capital, world class board and operational resources, and
unmatched networking, development, and shared learnings across the
portfolio. From 2020-2023 Shore received recognition from Inc
Magazine as a 4x Top Founder Friendly Investor and by Pitchbook
research for being the global leader in Private Equity total deal
volume. Shore targets investments in proven, successful private
companies with superior management teams, stable cash flow, and
significant potential to grow through industry consolidation and
organic growth to generate value for shareholders. Shore has over
$7 billion of assets under management and in additional investment
platforms to which it provides business and operational consulting
services. For more information, including with respect to these
awards and investment platforms, please visit: www.shorecp.com.
About ONDEX Automation
ONDEX Automation is a Chicago, IL-based factory systems
integrator platform with a range of services and capabilities that
support the complex automation and integration needs of North
American manufacturers. Committed to serving customers across a
variety of end markets, ONDEX will deliver innovative, customized
solutions via cutting-edge automation and technology to optimize
manufacturing processes and boost operational efficiencies. Backed
by Shore Capital, ONDEX Automation is supported by a world-class
Board of Directors, with deep experience in automation,
manufacturing operations, and private equity. For more information,
please visit: https://www.ondex.ai/
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version on businesswire.com: https://www.businesswire.com/news/home/20240801008941/en/
Alyssa Hall, Edelman Smithfield,
alyssa.hall@edelmansmithfield.com