May 2023 | Michigan
Youngblood Automation Acquired By H&P Technologies
We are pleased to share the sale of our client Youngblood Air Systems (dba Youngblood Automation, Inc.) to H&P Technologies, Inc. The deal closed on May 15, 2023.
Youngblood Automation (Youngblood), located in Grand Rapids, Michigan, is an automation business focused on three synergistic lines of businesses: Wholesale distribution of automation componentry, representation of leading manufacturers of equipment in automation, and automation manufacturing services.
The company’s portfolio of brands includes over 40 of the most recognized and reliable manufacturers in the automation industry.
Founded in 1945 and located in Warren, Michigan, H&P Technologies (HPT), is a full-service distributor and service center of leading brands of hydraulic, pneumatic, lubrication, material handling and DC electric assembly tools, components, and engineered systems. The company also offers a comprehensive line of tooling and fixture components and production-automation equipment.
HPT plans to merge Youngblood with HPT’s Behco division in the next 9 to 12 months to create the premier fluid power, automation, and robotics distributor in the region.
Generational Capital Markets’ Sr. Managing Director Mergers & Acquisitions, Phil Pizzurro, with the support of Vice President M&A, Chris Wolf, successfully closed the deal. Generational Equity’s Senior Managing Director Tom Stephens established the initial relationship with Youngblood.
“Youngblood is an exceptionally run business that has produced long-term, sustainable value to stakeholders over the past 46 years,” said Phil Pizzurro.
Pizzurro added, “Partnering with another family-owned private company within the industry that shares the same core values, provides great assurance that the culture will be preserved while enabling future advancement opportunities for its employees.”
Generational can help business owners, buyers and investors to make the most of M&A opportunities. Contact our expert advisors today.