Falfurrias Management Partners has backed RED Group and IDS to form a new industrial automation platform. RED Group provides operational technology and industrial control systems engineering services based in Phoenix, while IDS specializes in distributed control systems and programmable logic controller programming. RED Group CEO Carl Fangue will lead the combined business, which serves customers across data centers, utility, water, energy, maritime, chemicals and manufacturing sectors.
This partnership marks Falfurrias’ first industrial automation deal since its 2018 investment in E Technologies Group. The two companies will combine to build a foundation for rapid execution and high standards in integration work. Board members include chip Johnson, Ken Walker, John Livingston, Jose Rivera and RED Group founder Kyle Remont.
Industry analysts highlight that data center expansion and aging workforces are driving faster demand for integrators capable of quick, high-quality deployment. The platform aims to meet growing needs in reshoring manufacturing and adoption of industrial AI.
Source: PE Hub · Summarized by HeadlinesBriefing