TSL Express Daily News

LOS ANGELES, January 6, 2025 -- B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as the exclusive financial advisor to Q-mation, Inc. ("Q-mation" or the "Company") in connection with its recapitalization by The Halifax Group, LLC. ("Halifax Group"). 

Nishen Radia, B. Riley Securities, Senior Managing Director, Head of M&A, “We are very proud to have advised Q-mation on this transaction. The alignment between Q-mation and Halifax Group was clear from the start, and we are confident this partnership will drive tremendous long-term value for all parties involved.” 

Headquartered in Horsham, PA, Q-mation is a leading industrial automation software, services, and solutions provider. The Company is the largest North American distributor of AVEVA software solutions and delivers expert technical support and implementation services to various industries through its world-class services group.  

“We are excited to join forces with Halifax and work towards a shared strategic vision for Q-mation,” commented Q-mation CEO, Bob D’Agostino. “We look forward to leveraging the Halifax team’s experience in IT services and industrial automation as well as the firm’s financial and operational resources to help us deepen our value proposition to our customers, OEM partners, and employees.” 

“Q-mation’s impressive understanding of its customers’ industrial automation needs has helped the Company deliver solutions that drive meaningful results for its customers,” said Davis Hostetter, Managing Director at Halifax. “Leading companies across a variety of industries rely on automation software to innovate and optimize their footprints, and Q-mation supports them along the journey. Its success is reflected in its deep customer relationships and superior execution, which we will build upon as we support the Company’s future growth."

Founded in 1999, Halifax Group is a private equity firm that partners with managers and entrepreneurs to recapitalize and invest in lower middle-market businesses with total enterprise values generally between $100 million and $300 million. Halifax specializes in equity recapitalizations, corporate carve-outs, and management buyouts and invests across a variety of industries, including health and wellness, outsourced business services, and franchising. 

David Bard, Partner at Halifax added, “IT services and industrial automation are key focus areas for Halifax, around which we have developed a deep expertise and strategies for growth. We are delighted to partner with Bob and his team as we work to refine and expand Q-mation’s differentiated market position and amplify its decades-long success.” 

B. Riley’s deal team was led by Nishen Radia and included Colin Welch and Jonathan Davis. Read more about the transaction here. 
 
Please contact Nishen Radia, Senior Managing Director, Head of M&A, at (310) 405-7040, or Colin Welch, Vice President, at (310) 405-7007, for more information regarding this transaction. 

About B. Riley Securities
B. Riley has served as a preeminent fixture in middle market brokerage and investment banking for over 25 years. We provide a full suite of investment banking and capital markets services to companies, financial sponsors, and institutional investors across all industry verticals. Investment banking services include initial, secondary and follow-on offerings, institutional private placements, merger and acquisition (M&A) advisory, SPACs, debt financings, corporate restructuring and recapitalization. Widely recognized for our thematic proprietary equity research, clients benefit from B. Riley's extensive network, industry expertise, and proven execution capabilities of our end-to-end financial services platform. Please see disclosures about B. Riley Securities Research here. The firm is a subsidiary of B. Riley Financial (Nasdaq: RILY). For more information, visit www.brileysecurities.com.