D.A. Davidson & Co. announced today that it served as exclusive financial advisor to both Setpoint Systems, a leading provider of automation solutions, and Setpoint, Inc., a designer and implementer of custom rides and attractions to the world’s top amusement and theme parks, in their separate sales to JR Automation Technologies, a provider of intelligent automated manufacturing and technology solutions that solve operational and productivity challenges. JR Automation is a portfolio investment of Crestview Partners, a leading New York-based private equity firm. Terms of the transaction were not disclosed.
Setpoint Systems and Setpoint Inc. are distinct entities and shareholder groups creating market-leading automation solutions for e-commerce, amusement, and other industries. Both companies will mutually benefit from partnering with JR Automation as they leverage a global automation platform with unique capabilities and multiple locations across North America, Europe and Asia.
“We are excited about today’s announcement and the prospect of not only working more closely with Setpoint, Inc., but to partner with a global leader in automation like JR Automation,” said Mark Coy, CEO of Setpoint Systems. “Our team was fortunate to be surrounded by experienced advisors at D.A. Davidson who enabled us to close two complicated transactions simultaneously with the same buyer. D.A. Davidson was an invaluable resource throughout the process.”
As Setpoint Systems and Setpoint Inc.’s dedicated investment banking advisor, D.A. Davidson advised both selling shareholder groups through negotiations, due diligence, documentation and closing. The transactions represent two more successful closings for D.A. Davidson’s investment banking group, which has completed over 100 transactions since January 2017.
D.A. Davidson & Co.’s investment banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across five industry verticals: consumer, diversified industrials, financial institutions, real estate and technology.
About D.A. Davidson Companies
D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 and headquartered in Montana, with corporate offices in Denver, Los Angeles, Portland and Seattle, the company has more than 1,300 employees and offices in 26 states.
Subsidiaries include: D.A. Davidson & Co., the largest full-service investment firm headquartered in the Northwest, providing wealth management, investment banking, equity and fixed income capital markets services and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.
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