Tag: Fluence

Fluence Automation has been sold to BlueCrest

Headquartered in Arlington Heights, Illinois, Fluence Automation is a provider of automation solutions for postal, parcel and e-commerce fulfillment. The company designs, develops and supports fully automated sortation, distribution and mail process management solutions for commercial enterprises. Fluence’s solution set includes products for material handling; letters, parcels and flats sorting; high speed print and apply labeling; postal parcel processing; inbound / receiving; vote-by-mail; verification and inspection; postal shipping / application software for mail, flats and parcels; optical character recognition software and address look-up.

With this acquisition, Danbury, Connecticut-based BlueCrest now directly provides all critical solution layers to customers, such as application solutions with hardware, software, controls and imaging. Fluence will maintain its principal location in Arlington Heights, Illinois, and in the short term will be referred to as Fluence Automation, a BlueCrest company. For more information, please visit www.fluenceautomation.com and www.bluecrestinc.com.

About BlueCrest

BlueCrest is the leader in the global high-volume postal/parcel automation industry, delivering enterprise solutions for mail inserting and sorting, parcel sorting, printing equipment, software, and services. For more information visit www.BlueCrestInc.com/.

About Fluence Automation

As a leading provider of automation for postal, parcel and eCommerce fulfillment, Fluence Automation designs, develops and supports fully automated sortation, distribution and mail-process management solutions for commercial enterprises. For additional information, visit www.FluenceAutomation.com

About Colfax Creek Capital

Colfax Creek is a private investment firm that takes a long-term approach to invest in smaller middle-market companies.  The firm invests in consumer product, service, and industrial companies in the Great Lake States.  We prefer to support existing management in control investments, but we will support limited management transitions.  Colfax Creek is based in Birmingham, MI.  For more information visit: www.colfaxcreek.com.


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Colfax Creek and Rock River’s Fluence Automation Acquires POST-IS

CHICAGO, IL / BIRMINGHAM, MI – Colfax Creek Capital and Rock River Capital Partners formed Fluence Automation to acquire the mail and parcel sorting business unit of Bell and Howell on July 31, 2017.    Fluence Automation is the leading manufacturer of mail and parcel sorting equipment, software, and services.  Fluence Automation has acquired POST Integrated Solutions (POST-IS), a parcel processing and material handling technology company serving the eCommerce, postal and parcel automation markets.

Strategically, the move further enhances Fluence Automation’s technology offerings and adds a dedicated team of professionals in the growing parcel delivery and eCommerce fulfillment automation markets, while the company continues to serve customers in traditional mail and postal sorting.

POST-IS and Fluence Automation have already worked closely together to serve customers. The combined entity has a comprehensive automation platform to provide high-speed parcel induction, encoding and data-automation solutions including scanning, dimensioning, weighing, address reading, variable-length, dynamic labeling and sorting technology.

“The addition of POST-IS complements our efforts in the surging eCommerce automation space and will help our customers reduce costs and delivery timeframes by increasing production speed in their eCommerce, mail and parcel processing, distribution and shipping operations,” says Mike Swift, president and CEO of Fluence Automation.

Jason Duzan of Colfax Creek added, “that Post-IS will provide new capabilities to accelerate Fluence Automation’s eCommerce and parcel automation growth”.

Rob Stone, founder and president of POST-IS, will join Fluence Automation and lead the Fluence business unit focused on eCommerce automation.

“We are excited to build on the success we’ve had at POST-IS over the past several years, now as part of Fluence,” says Stone. “The company has a strong, growing business with an outstanding suite of products, software, and technical support. I look forward to tapping the collective resources of the organization to provide expanded solutions for customers.”

About Colfax Creek Capital

Based in Birmingham, Michigan, Colfax Creek is a private investment firm that invests in “smaller” middle market companies. The firm focuses on consumer product, service, and industrial companies in the Great Lake states. Colfax Creek brings its investment expertise and collaboration with operating executives and entrepreneurs to build long-term businesses.  We develop relationships with business owners and management and focus our capital and resources with a shared purpose of creating lasting value. For more information, visit www.colfaxcreek.com.

About Rock River Capital

Rock River Capital is a Chicago-based private investment firm focused on investing in growing industrial and services businesses as well as other growth-oriented opportunities.  We generally prefer to partner with existing management in ownership transition situations and take a long-term, patient approach.  For more information visit: www.rockrivercp.com.

About Fluence Automation

Fluence Automation is an innovative technology solutions company that builds and markets mail and parcel sorting systems and owns a portfolio of mail and parcel labeling technologies that increasingly is being adapted for the e-Commerce fulfillment market. Fluence provides long-term support and customer care through its robust suite of software focused on vision/recognition and sorting applications, and a service support network that is based primarily in the U.S., with operating subsidiaries in the UK and Germany. For more information visit: www.fluenceautomation.com.

 


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Colfax Creek and Rock River Capital Lead the Acquisition of Fluence Automation

CHICAGO, IL / BIRMINGHAM, MI – Colfax Creek Capital and Rock River Capital Partners formed Fluence Automation LLC to acquire the mail and parcel sorting business unit of Bell and Howell.    The acquisition included the mail and parcel sorting systems / hardware and related software and service revenue associated with the hardware as well as assets that will be leveraged for growth opportunities in the material handling and e-commerce fulfillment markets.

Colfax Creek and Rock River, along with key members of the management team, partnered with Tecum Capital Partners, Midwest Mezzanine and Wintrust Bank to acquire the business unit.  All three partners have significant industry experience and provide a strong and stable capital base that will support the company’s growth objectives.

Fluence Automation will be led by Bell and Howell’s tenured VP and General Manager of Sorting, Mike Swift as President and CEO. “Fluence Automation will expand its position in the mail and parcel sorting market, making further investments in new market segments, including e-commerce, to accelerate growth,” Swift said. “Our automated solutions enable break-through productivity and speed-of-delivery improvements, backed by an outstanding suite of software and world-class customer support.”

“We are pleased to partner with Mike Swift and the Fluence team.  Mike has led the business unit since 1999 and has a knowledgeable team in place,” said Ryan Satterfield of Rock River Capital. “We are focused on leveraging Fluence’s leadership position in its core mail processing market to continue to serve the expanding customer base.  With this acquisition, we have provided Mike and the team with the capital necessary to take advantage of growth opportunities in the company’s core market as well as growth opportunities in the rapidly expanding material handling market.”

Jason Duzan of Colfax Creek added “that the relationship with our three capital partners is ideal.”  “They are not only established middle market company investors, but they bring industry experiences to the company.”

Mike Swift, CEO of Fluence, added, “Colfax Creek and Rock River provide a long-term perspective to investing and are supportive of our growth objectives.  We are focused on service and software improvements, product enhancements, international expansion and investment into e-commerce applications.  My team and I are highly energized by this acquisition as it further enables us to focus on our existing and new emerging markets in our space.”

About Colfax Creek Capital

Colfax Creek is a private investment firm that takes a long-term approach to investing in smaller middle market companies.  The firm invests in consumer product, service, and industrial companies in the Great Lake States.  We prefer to support existing management in control investments, but we will support limited management transitions.  Colfax Creek is based in Birmingham, MI.  For more information visit: www.colfaxcreek.com.

 About Rock River Capital

Rock River Capital is a Chicago-based private investment firm focused on investing in growing industrial and services businesses as well as other growth oriented opportunities.  We generally prefer to partner with existing management in ownership transition situations and take a long term, patient approach.  For more information visit: www.rockrivercp.com.

 About Fluence Automation

Fluence Automation is an innovative technology solutions company that is headquartered in Wheeling, IL.  Fluence Automation sells mail and parcel sorting systems and owns a portfolio of mail and parcel labeling technologies that are increasingly being adapted for the e-commerce fulfillment market.  Fluence provides long-term support and customer care through its robust suite of software focused on vision/recognition and sorting applications and a service support network that is based primarily in the US with operating subsidiaries in the UK and Germany.  For more information visit: www.fluenceautomation.com.


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