The biggest acquisition news in the industry in June was undoubtedly Carousel Industries acquiring Atrion, as the merge creates a $500-million-plus company with more than 1,300 employees across 25 offices.
“We’ve known each other for almost a decade now,” says Carousel Industries CEO Jeff Gardner in a previous CI article. In the article, Gardner says the first conversation about the possibility of the companies combining forces first was about 10 months ago when Gardner and Atrion CEO Tim Hebert were at lunch together.
“We’ve partnered on some projects and competed on some others. I’d consider us friends as well as business acquaintances. There’s a lot of respect between us and a lot of synergies between our companies,” says Gardner. “The more we talked about both business and what we each bring, the more excited I got about the prospect of bringing the two companies together. I can see this move help both companies reduce the number of vendors and simplify operations for both of us.”
Among other news in the industry in June is Contemporary Research‘s appointing of Visitec as its manufacturer rep for the Midwest, as well as new sales hirings and promotions for Herman, wePresent, QSC and Yamaha.
Check out this slideshow for more news on the most recent acquisitions, hirings, promotions and partnership news in the industry.