Advanced Integration Technology (AIT) Completes Acquisition of Futuramic Tool & Engineering

FVLCRUM Funds Acquires Advanced IT Concepts (AITC)

October 20, 2023

IT Services

Private equity firm FVLCRUM Funds has completed the acquisition of Advanced IT Concepts, Inc. (AITC), a Winter Springs, Florida-based IT systems integrator and federal government contractor specializing in cybersecurity and systems engineering. FVLCRUM intends to use AITC as a platform to build scale in cybersecurity and IT systems integration for government and DoD customers, supporting accelerated growth and expanded capabilities.

Applied Industrial Technologies Acquires Advanced Motion Systems Inc.

April 4, 2023

Industrial Services

Applied Industrial Technologies (NYSE: AIT) has acquired Advanced Motion Systems Inc. (AMS), a Rochester, New York-based provider of machine vision, robotics, and motion control products and engineered automation solutions. The acquisition expands Applied's automation capabilities and strengthens its footprint in the U.S. Upper Northeast; financial terms were not disclosed.

Applied Industrial Technologies Acquires Automation, Inc.

November 2, 2022

Industrial Services

Applied Industrial Technologies (NYSE: AIT) has acquired Automation, Inc., a Minneapolis-based provider of automation products, engineered solutions, and value-added assembly services. The acquisition expands Applied's automation capabilities and geographic footprint in the U.S. Upper Midwest, adding a team of more than 50 associates and established customer relationships across pharmaceutical, manufacturing, life sciences, and consumer products markets.

QIA Takes Minority Stake in Advanced Integration Technology (AIT)

February 22, 2022

Industrial Services

Qatar Investment Authority (QIA) agreed to acquire a minority interest in Advanced Integration Technology (AIT) through a combination of primary capital and partial share purchases from AIT’s founding management and Onex Partners IV. The transaction creates joint minority ownership between QIA, AIT’s management and Onex and is intended to support AIT’s post-pandemic growth and innovation in aerospace, defense and space launch automation, including urban air mobility.

Advanced Integration Technology Acquires Nova-Tech Engineering

December 22, 2016

Aerospace & Defense

Advanced Integration Technology (AIT) announced an investment to acquire Nova-Tech Engineering, a Lynnwood, Washington-based designer and integrator of aerospace assembly automation, materials handling and friction-stir welding equipment. Nova-Tech will operate as a distinct business line within AIT, expanding AIT’s aerospace automation capabilities and international footprint; financial terms were not disclosed.

Onex Corporation Completes Investment in Advanced Integration Technology (AIT)

January 5, 2015

Aerospace & Defense

Onex Corporation has completed its investment in Advanced Integration Technology (AIT), a provider of automation and tooling, maintenance services and aircraft components to the aerospace industry. The deal is the first investment from Onex Partners IV and expands Onex’s exposure to aerospace manufacturing and automation capabilities.