Bootstrap Capital Acquires Clear Automation
Bootstrap Capital, a private investment company, has acquired Clear Automation, LLC from its founders. Clear Automation is an industrial automation technology integrator that specializes in designing and implementing robotics, machine vision, line tracking and custom programmable solutions. Founded in 1990, the company has a history of driving cost and efficiency improvements in a broad range of industries, including cosmetics and personal-care products, medical devices, electronic components and automotive parts and assemblies.
Partnering with the Company’s Founders
“With 26 years in the business and close to $100 million in designed, built and installed automation, this company has major growth potential within its industry,” said Franco DeBlasio, Operating Partner at Bootstrap. “We hope to continue to grow Clear Automation’s capabilities and expand to include other industries.”
The Bootstrap Capital team “is thorough, but arrives at decisions quickly, which made for a smooth process,” said Derek Dibble, CEO of Clear Automation. “They have the vision and the resources to take this business to the next level.”
“With Bootstrap Capital as the new owner, the employees and customers are in good hands and the company’s future has never looked better,” said Ron McCleary, President of Clear Automation. “I look forward to working with the Bootstrap team to grow the business.”
About Clear Automation
Clear Automation (www.clearautomation.com) was founded in 1990 by Ron McCleary, with Derek Dibble later joining him. With a staff of 27, the Clear Automation team has more than 300 years of combined experience. The company maintains a client base in a multitude of industries.
A total of 85 percent of Clear Automation’s business comes from repeat customers, and the company still partners with its very first client.
About Bootstrap Capital
Bootstrap Capital is a private equity firm that respects the accomplishments of bootstrapping entrepreneurs and seeks to honor their legacies. We grow the companies they built and celebrate the legend of how they built them. We acquire and operate small business services and distribution companies at a point in their evolution where they could benefit from a change in ownership.
Our approach is to build our portfolio deliberately, providing day-to-day leadership for an extended period of time after making an acquisition. We provide turnkey succession plans for owners seeking to retire. We work with founders who are striving for the next wave of growth. And we can right the ship when a company has gotten off course.