Concurrence Capital Holdings has made an undisclosed investment in Holland, Michigan-based Mission Design and Automation, a provider of automation solutions for the automotive, office furniture, medical and consumer goods industries. No financial terms were disclosed. According to terms of the deal, Loren Brouwer and Jonathan Maust, Mission’s founder and co-owner, respectively, will remain in their current roles.
Grand Rapids, Mich., October 2, 2017 – Private investment firm Concurrence Capital Holdings LLC today announced it has partnered with Holland-based Mission Design and Automation. Terms of the transaction were not disclosed.
A leader in automation technology for a diverse mix of industries, Mission Design and Automation (“Mission”) was founded in 2004 on the principle of treating all stakeholders – customers, employees, suppliers and partners – with the highest degree of integrity. While maintaining this principle at its core, Mission has sustained significant growth for more than a decade through expansion into new industries and geographies, as well as the growth of relationships with both new and existing customers. Mission specializes in the design and manufacturing of highly complex automation solutions for the automotive, office furniture, medical and consumer goods industries, serving customers in North America.
As part of the partnership, Loren Brouwer and Jonathan Maust, Mission’s founder and co-owner, respectively, will continue to lead the business in their current roles.
“I have known and respected Michael Brom for more than 20 years. When I learned that he and a partner had started Concurrence Capital Holdings, I thought they would be an ideal partner to support Mission in our next stage of growth,” said Brouwer. “Jon and I look forward to collaborating with the Concurrence team to grow and develop our already exceptional team and provide even more capabilities to meet the growing and changing needs of our customers.”
“Loren and the entire Mission team are to be commended for what they have accomplished together. They have developed a stellar reputation as a company that people want to work with and for, and that is known for worldclass design and automation capabilities and exceptional customer service,” said Michael Brom, Managing Partner at Concurrence Capital Holdings. “They are wellpositioned for even greater growth as the automation industry continues to flourish. Jason Byrd and I are thrilled to partner with them and leverage our experience to help support their continued growth.”
About Concurrence Capital Holdings
Concurrence Capital Holdings is a private investment and management firm that offers the strategic capital, expertise, and partners to provide the right transitional solution for targeted investment opportunities. Consistent with our past practices, we maintain a long term and patient view of holdings in our portfolio. Target companies have sales greater than $5 million with an EBITDA of $1 million to $8 million, in industries including niche manufacturing, food and beverage, automotive, medical device, value-added distribution and B2B service businesses. For more information, visit concurrencecapitalholdings.com.
About Mission Design & Automation, LLC
Mission Design & Automation was founded in 2004 by Loren Brouwer in a pole barn behind his home. In 2010, Loren brought on Jonathan Maust as a partner in the business and together they have grown the business significantly along with a talented staff of committed employees. Today, the company operates out of a 21,000 sq. ft. facility and builds highly automated systems that support quality and highly efficient manufacturing processes for the automotive, office furniture, medical and consumer goods industries. For more information, visit Mission-LLC.com.