Balmoral Funds Affiliate Acquires DWFritz Automation from Sandvik AB

CI Financial Acquires Balasa Dinverno Foltz (BDF)

August 4, 2020

Financial Services

CI Financial Corp. agreed to acquire full ownership of Balasa Dinverno Foltz LLC (BDF), a Chicago-region registered investment advisor with approximately US$4.5 billion in assets under management and a 62-person team. The deal expands CI's U.S. wealth management footprint, pushing its U.S. wealth assets to roughly US$11 billion and strengthens CI's presence in the Midwest and Chicago high-net-worth market.

ICT Group Acquires DWG Automation

July 28, 2025

Industrial Services

ICT Group has acquired Schiedam-based system integrator DWG Automation, a company of approximately 120 employees that supplies industrial automation, electrical engineering and industrial IT solutions. DWG will operate under ICT Group's Industry and Vital Infrastructure division to expand capabilities and geographic presence (including Botlek and North Holland) and to support end markets such as tank terminals, energy, food and infrastructure. Financial terms were not disclosed.

TJM Capital Partners Acquires Midwest Automation LLC

November 22, 2021

Manufacturing

TJM Capital Partners, a Chicago-based private equity firm, has acquired Midwest Automation LLC, a family-owned U.S. manufacturer of industrial machinery for metal deburring, edge rounding and surface finishing. Kenny Holley, the past president and owner, exited the business and Micah Coleman (CEO of Timesavers LLC and Dubois Equipment Co.) will serve as incoming CEO as TJM looks to expand Midwest Automation's capabilities and grow the business.

SCIO Automation Group Acquires Industrial Automation LLC

September 2, 2020

Industrial Services

SCIO Automation Group has acquired Industrial Automation LLC, giving the group its first direct presence in North America. The acquisition expands SCIO’s automation capabilities—ranging from small robot cells to complete production lines—and supports the group’s internationalisation strategy.

Sandvik (Walter) Acquires PDQ Workholding LLC

August 18, 2024

Manufacturing

Sandvik AB, through its Walter division, has acquired PDQ Workholding LLC, a U.S.-based specialist in custom workholding fixtures and tooling. The deal strengthens Sandvik/Walter's machining solutions offering—particularly in the Americas—by adding workholding capabilities that provide earlier access to component projects and complement its cutting-tool business.

Sandvik Acquires Universal Field Robots

December 2, 2024

Industrial Services

Sandvik AB has completed the acquisition of Universal Field Robots (UFR), an Australia-based provider of autonomous interoperable solutions for surface and underground mining. UFR, headquartered in Brisbane with ~40 employees and reported revenues of approximately SEK 80 million for the year ended June 2024, will be integrated into Sandvik's Digital Mining Technologies division.