B. Riley Securities served as exclusive financial advisor to Kimball Electronics, Inc. in the successful completion of the sale of its Automation, Test, and Measurement (AT&M) business to Averna Technologies.  

Headquartered in Indiana, Kimball Electronics is a global manufacturing solutions provider of electronics and diversified contract manufacturing services to customers around the world. The Company first entered the automation, test, and measurement industry with the acquisition of Global Equipment Services, Inc. (GES) in 2018. AT&M provides advanced testing and inspection solutions for manufacturers in the industrial, medical, consumer electronics, and semiconductor sectors.

“We were delighted to advise Kimball Electronics and lead the divestiture process for its AT&M business. The sale of the business will allow Kimball Electronics to focus on its core operations, while simultaneously providing the AT&M business with a new owner that has tremendous depth, expertise and relationships in the test and measurement sector,” said Ryan Bernath, B. Riley’s Senior Managing Director who led the investment banking team on the assignment.

Rounding out the B. Riley team on this assignment alongside Ryan Bernath, was Chobun Hieblinger, Arjun Oza and Joe Nardini Jr.