2R Automation, LLC

West Olive, Michigan

About 2R Automation, LLC

Company overview

2R Automation, LLC is a provider of innovative automation solutions for industrial manufacturing processes. 2R Automation offers customized automation systems that streamline operations and enhance overall manufacturing performance. 2R Automation is committed to helping manufacturers achieve their automation goals, whether it involves improving production speed, reducing costs, enhancing safety, or achieving higher product quality. By leveraging advanced automation technologies and industry best practices, the company empowers manufacturers to stay competitive in a rapidly evolving global market. Product Breakdown: Custom Automation Systems: 2R Automation specializes in designing, developing, and implementing custom automation systems that are tailored to the unique requirements of manufacturing processes. These systems encompass a wide range of technologies, including robotics, programmable logic controllers (PLCs), human-machine interfaces (HMIs), machine vision systems, and more. By integrating these technologies seamlessly, 2R Automation enables manufacturers to automate complex tasks, optimize workflows, and achieve higher levels of efficiency and precision. Robotics Integration: The company offers expertise in integrating robotics into manufacturing processes to automate repetitive and labor-intensive tasks. 2R Automation collaborates with clients to identify suitable robotic solutions and develops the necessary interfaces and programming to seamlessly integrate robots with existing production lines. This allows for increased productivity, improved quality control, and enhanced workplace safety. Control Systems and PLC Programming: 2R Automation specializes in designing and implementing control systems using programmable logic controllers (PLCs). These control systems play a crucial role in monitoring and regulating various manufacturing processes, ensuring precise control over equipment, sensors, and actuators. The company's team of experts develops customized PLC programs that align with specific production requirements, enabling real-time data acquisition, monitoring, and optimization. HMI Development: 2R Automation creates intuitive and user-friendly human-machine interface (HMI) systems that provide operators with a clear view of the manufacturing process. These HMIs enable operators to monitor production parameters, control equipment, and receive real-time feedback on process performance. By optimizing the HMI design, 2R Automation enhances operator efficiency, reduces errors, and facilitates better decision-making. Machine Vision Systems: 2R Automation utilizes machine vision technology to automate visual inspection, quality control, and identification processes. The company integrates advanced cameras, image processing software, and machine learning algorithms to enable precise and reliable inspection of components, surfaces, and product features. Machine vision systems enhance product quality, reduce defects, and contribute to overall process optimization. Data Analytics and Reporting: 2R Automation incorporates data analytics capabilities into their automation systems, allowing manufacturers to gather and analyze valuable operational data. The company develops customized data analytics solutions that provide insights into production performance, equipment utilization, and process efficiency. This information empowers manufacturers to make data-driven decisions, identify bottlenecks, and implement continuous improvement strategies. System Integration and Support: 2R Automation offers system integration services to seamlessly integrate their automation solutions with existing manufacturing infrastructure. The company ensures compatibility, connectivity, and reliable operation of the integrated systems. Additionally, 2R Automation provides ongoing technical support, maintenance, and training to ensure optimal performance and maximize the value of the automation solutions.

Keywords

Revenue

Revenue

EBITDA

EBITDA

Valuation

Valuation
Income Statement
Line Item20242023202220212020
Revenues$380 MM$250 MM$90 MM$120 MM$65 MM
Gross Profit$190 MM$125 MM$45 MM$60 MM$32.50 MM
Net Income (Loss)$43 MM$25 MM$9 MM$12 MM$6.50 MM
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Balance Sheet
Line Item20242023202220212020
Total Assets$850 MM$720 MM$680 MM$650 MM$600 MM
Total Liabilities$450 MM$400 MM$380 MM$350 MM$320 MM
Total Equity$400 MM$320 MM$300 MM$300 MM$280 MM
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Ratios

Revenue / EBITDA
123 MM
Valuation / Revenue
123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee--------------------
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Jane DoeEmployee--------------------
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John DoeEmployee--------------------
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John DoeEmployee--------------------
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401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

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