Gamut Capital Management to Acquire Davis-Standard
Summary
The resources Gamut brings to this investment will enable us to not only accelerate growth within our markets but also transform Davis-Standard into a leading, value-added global process solutions business,” said Jim Murphy, CEO of Davis-Standard. “ We achieved great growth and performance under ONCAP’s successful ownership and look forward to leveraging the strong foundation we built as we move into our next phase of growth.” Jordan Zaken, Founding Partner of Gamut, said, “ We are very excited to continue to grow the company alongside the Davis-Standard management team. Gamut is excited to continue to invest in the business to bolster the comprehensive solutions Davis-Standard provides to its customers in the areas of efficiency, sustainability and automation technology.” Financial terms of the transaction were not disclosed. BMO Capital Markets and Stifel, Nicolaus and Company are providing financing commitments for the transaction, subject to customary terms and conditions. With more than 1,400 employees worldwide and a network of independent sales agents and suppliers in nearly every country, Davis-Standard is committed to engineering systems that are cost-effective, environmentally friendly, and offer a high return on investment.