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Woodbridge International Closes Sale of HTSE, Inc. to GrayMatter

August 8, 2022

Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, HTSE, Inc. by GrayMatter.

HTSE, Inc., based in Portage, Michigan has provided automation solutions for some of the world’s largest food, beverage, pharmaceutical, chemical and manufacturing companies since 1989. The company’s staff of experienced engineers and technical experts has completed more than 1,000 process automation projects.

GrayMatter, headquartered in Pittsburgh, Pennsylvania, is a leader in the operational and industrial technology industry (IIoT). GrayMatter’s services and solutions guide customers through a digital transformation of their operations resulting in dramatically increased productivity, improved monitoring and intelligence and enhanced security. GrayMatter is a portfolio company of Hamilton Robinson Capital Partners.

Hamilton Robinson Capital Partners is a lower-middle market private equity firm focused on making control investments in North American-based commercial service, distribution, specialty industrial manufacturing, and industrial technology businesses. Founded in 1984 and based in Stamford, Connecticut, HRCP has completed over $1.6 billion in transactions supporting over 55 family businesses and corporate divestitures. Investors include leading financial institutions, funds, family offices, and individuals in the United States and Europe.

Woodbridge International’s ground-breaking approach to marketing a company globally has transformed the way the sell-side M&A industry does business.