Corporate Practice Represented Owens Design in Sale to Automated Industrial Robotics Inc.
Sheppard Mullin represented Owens Design, a leading provider of custom automation solutions for the semiconductor, medical device, data storage and renewable energy industries, in its acquisition by Automated Industrial Robotics Inc. (AIR), a global industrial automation platform backed by private equity funds managed by Ares Management. AudacityIB served as the exclusive financial advisor to Owens Design in the transaction.
For more than 40 years, Owens Design has designed and manufactured automation systems for high-growth technology sectors. With two facilities in Silicon Valley and a workforce of more than 100 engineers and technicians, the company has delivered more than 3,000 custom tools over four decades. Through this transaction, Owens Design will expand AIR’s engineering capabilities and cleanroom infrastructure, further enabling growth in advanced manufacturing and life sciences.
The deal team was led by partner Aytan Dahukey and associates Keren Baruch and Anushna Das.
Terms of the transaction were not disclosed.
Read the press release here.