Exit Strategies Group Advises Kim Controls in Sale

/in , /by Al Statz

Exit Strategies Group recently served as financial advisor to the owners of Kim Controls, a Minneapolis-based provider of industrial automation solutions, on their sale to Flow Control Group, a KKR portfolio company. Effective July 1, 2024, the acquisition adds talent, technical services, and market coverage to FCG’s industrial automation group. Terms of the transaction were not disclosed.

Founded in 1971, Kim Controls is a regional automation solutions provider, serving manufacturing clients in Minnesota and northwestern Wisconsin. The Company offers UL 508A custom control panel building services, and technologies offered include HMI’s, PLC’s, safety, motion control, machine framing, and test and measurement equipment. The Company operates with a strong customer commitment, providing significant value by working closely with clients’ management, engineering, and R&D teams to design and deliver not just automation products, but complete automation solutions.

Mike McGonigle, President and owner of Kim Controls said, “We were looking for a strategic partner to build on Kim Controls decades of technical services leadership, help us capitalize on significant growth opportunities in our market. Exit Strategies Group’s structured sale process attracted the attention of several strong candidates and helped us obtain a great deal from a great partner. We couldn’t have made this happen without them.  Partnering with FCG, allows us to continue to deliver exceptional value to our customers and suppliers and become an even better place for employees to work and develop their careers.”

Exit Strategies Group initiated this transaction and acted as the exclusive financial advisor to Kim Controls. This deal demonstrates Exit Strategies Group’s strong commitment to providing sell-side M&A advisory and business valuation services to North American industrial technology companies.  Our automation expertise covers product manufacturing, value-added distribution, custom machine building, control system integration, and repair services companies. Since our founding in 2002, we have advised on well over 100 M&A transactions.

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For information about Exit Strategies Group’s M&A advisory or business valuation services, please contact Al Statz at 707-781-8580 or alstatz@exitstrategiesgroup.com.