Acquiring Company
Crestview Partners
Acquired Company
Classic Design
Description
Crestview Partners ("Crestview"), a leading private equity firm, announced today that its recently created automation solutions portfolio company (the "Company") has completed the acquisition of Classic Design ("Classic"), a Troy, MI-based provider of automation design and systems integration. Following the Company's acquisition of JMP Solutions, Inc. ("JMP") in August 2021, Classic is the second acquisition as part of Crestview's strategy to build a market leading global automation solutions provider. Crestview's platform is targeting the global $500+ billion market, with a particular focus on the $70 billion global systems integration and connectivity segments, delivering fully automated solutions to customers. Financial terms of the transaction were not disclosed.