Frontenac Completes the Sale of Motion Solutions to Novanta (Nasdaq: NOVT)

Frontenac has completed the sale of Motion Solutions, a provider of highly engineered integrated solutions to Novanta Inc. (Nasdaq: NOVT).

Motion Solutions, headquartered in Irvine, CA, is a dependable engineering partner of prominent OEMs in medical, life sciences, and advanced technology applications. For over 60 years the company has been providing customized application-specific engineered systems to OEMs in the genomics, medical, life sciences, robotics, semiconductor, and industrial automation sectors. The acquisition by Novanta is expected to enhance Motion Solutions’ presence and capabilities in medical and life sciences applications.

Frontenac recapitalized Motion Solutions in 2018. Under Frontenac’s leadership, Motion Solutions expanded its reach by growing its customer base, entering new markets, scaling operations, completing strategic acquisitions, and expanding into a new facility with advanced capabilities.

Scott Depenbrok, CEO of Motion Solutions, said, “Partnering with Frontenac proved to be the right decision. Their strategic guidance, depth of resources, and commitment have been invaluable to Motion Solutions. We strive to bring market-leading engineering capabilities to every OEM partner’s product, with the goal of becoming an extension of their own engineering team. Frontenac shared that vision and invested fully across our enterprise to help facilitate our ambitious growth strategy.”

Michael Langdon, Managing Partner at Frontenac, commented, “We are immensely proud of the hard work and dedication put in by the entire team at Motion Solutions. We believe Novanta’s partnership will be a valuable asset in helping Motion Solutions achieve new levels of success. It has been an honor to be a part of Motion Solutions’ journey, and we eagerly anticipate its future accomplishments.”

“Scott and the Motion Solutions team have an unrelenting commitment to producing the highest quality engineered solutions for their customers,” added Markie Masri, Principal at Frontenac. “Together, we partnered on a growth plan to expand the company’s expertise and capabilities through repeatable playbooks we’ve successfully deployed across our portfolio. Our material investments in sales, engineering, a new facility and multiple M&A transactions drove an outstanding outcome.”

Harris Williams served as financial advisor and DLA Piper LLP served as legal counsel to Motion Solutions.

About Frontenac
Frontenac is a Chicago-based private equity firm. The firm focuses on investing in lower middle market buyout transactions in the consumer, industrial, and services industries. Frontenac works in partnership with established operating leaders, through an executive-centric approach called CEO1ST™, which seeks to identify, acquire, and build market-leading companies through transformational acquisitions and operational excellence. Over the last 50+ years, Frontenac has built a franchise working with over 300 owners of mid-sized businesses as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit www.frontenac.com.

About Motion Solutions
Motion Solutions provides custom, application-specific engineered systems to OEMs and industrial customers in the medical, life sciences, semiconductor, robotics, and industrial automation sectors. The company provides a complete selection of services, including electro-mechanical design, prototype and volume manufacturing, and engineering services. With over 60 years of industry experience, Motion Solutions is also a leading distributor of world-class linear motion and motion-control products. As a result of deep relationships with a portfolio of marquee partners, the Company offers an extensive array of components, from simple hardware to cutting-edge technology. Motion Solutions is headquartered in Irvine, California. For more information, please visit www.motionsolutions.com.