M&A in Automation: Clint Bundy on Valuations, Talent, and the Future of System Integrators

In this episode of Talking Industrial Automation, host Lisa Richter speaks with Clint Bundy, Managing Director at Bundy Group, a boutique investment bank that has spent more than three decades advising companies in automation, control systems integration, industrial technology, IoT, and cybersecurity. Clint shares how growing up in a family business shaped his career in mergers and acquisitions and explains how Bundy Group helps founders and management teams navigate some of the biggest decisions they'll ever make—selling a company, raising capital, or finding the right strategic partner. The conversation explores the rapid growth of M&A activity in the system integration market, the difference between strategic buyers and private equity investors, and what makes automation companies attractive acquisition targets. Clint also breaks down the four key drivers of company value—stability, profitability, growth, and scale—and offers practical advice for owners who want to build stronger businesses, whether they plan to sell or not.

In this episode of Talking Industrial Automation, host Lisa Richter sits down with Guru Thakkar, Director of Engineering at Inflexion Point in Neptune, New Jersey. With more than 20 years of experience across pharmaceutical, life sciences, food & beverage, utilities, and building automation, Guru shares how disciplined front-end engineering, standardization, and strong technical fundamentals set the stage for long-term success. From scaling Inflection Point organically from 40 to over 100 employees, to supporting Operation Warp Speed during COVID, Guru explains why early design decisions, rigorous testing, and lifecycle thinking matter more than ever. The conversation explores: What it really means to "put the brain" into industrial systems Why turnkey integration across all layers (from sensors to enterprise systems) is becoming essential How system integrators are navigating AI, cybersecurity, and digital transformation The growing complexity of pharma manufacturing and single-use equipment Why trust, repeat business, and sound non-technical business practices drive sustainable growth Whether you're an end user, engineer, or integrator, this episode offers a thoughtful look at how intelligent systems are shaping the future of process automation—and why fundamentals still matter in a rapidly evolving landscape.

As we kick off the new year, Talking Industrial Automation revisits a listener-favorite conversation with Matt Wise, CEO of E-Tech Group—one of Control Engineering and Plant Engineering's 2025 System Integrator of the Year award winners. Matt shares how he explains automation as "the brains of the factory," why marketing and business strategy matter just as much as engineering, and how E-Tech Group scaled into one of North America's largest system integrators through acquisition, talent, and long-term vision. The conversation explores today's biggest industry challenges—from labor shortages and rising complexity to AI, multi-site automation, tariffs, and uncertainty—and what it takes to guide clients through them as a true automation partner. Whether you're a system integrator, manufacturer, or industry leader looking to start the year with fresh perspective, this encore episode delivers practical insights on growth, leadership, and the future of industrial automation.

In this episode of Talking Industrial Automation, host Lisa Richter welcomes Adrienne Meyer, the newly appointed CEO of the Control System Integrators Association (CSIA). With 20+ years of experience managing global trade associations and technical organizations, Adrienne shares her journey—from being fascinated by encyclopedias as a kid to shaping the future of industrial automation through community-building and strategic leadership. Tune in to hear how Adrienne's early roles prepared her for leading CSIA, why listening is her leadership superpower, and what she sees on the horizon for system integrators—from certification insights to new engagement strategies and untapped member benefits. If you're curious about the role of associations, the power of professional networks, or the evolution of industrial automation, this episode offers actionable insights and a fresh perspective from the top.

In this episode of Talking Industrial Automation, host Lisa Richter sits down with Stephen Beck, Senior Chemical Engineer at Huffman Engineering, to explore his journey from building control panels at age 10 to shaping automation systems across utilities, life sciences, and manufacturing. Stephen shares insights from his early experiences at a nuclear power plant, his transition into systems integration, and how Huffman Engineering's "making ideas work" philosophy continues to drive quality and customer trust. Along the way, he unpacks challenges like balancing modernization with cost constraints, navigating project politics, and managing the growing impact of AI and cybersecurity on the automation industry. Whether you're an engineer, integrator, or industry leader, this conversation offers thoughtful takeaways on resilience, ethics, and innovation in industrial automation.  

In this episode of Talking Industrial Automation, host Lisa Richter is joined by Marcos Carlotto, Director of Software-Defined Automation at Schneider Electric, for a deep dive into how open systems, artificial intelligence, and workforce transformation are reshaping the industrial automation landscape. From Schneider's bold stance against proprietary platforms to real-world examples of scalable innovation—like retrofitting 60 pump stations in just 6 months—Marcos reveals how flexibility, speed, and partner ecosystems are key to future-proofing automation. If you're curious about what's next for automation—or how to thrive in it—this episode delivers strategic insight with global perspective. P.S. The Show is always looking for guests! You do need to be part of a company that is a CSIA member with a Gold profile or higher on the CSIA Industrial Exchange but other than that, you are welcome to join this show. Contact Lisa Richter if you are interested. (Linkedin here)

In this episode of Talking Industrial Automation, host Lisa Richter welcomes Bud Weightman—President of Qualified Specialists International (QSI) and a seasoned expert with over 35 years in quality management, auditing, and standards consulting. Bud takes us inside his journey from launching QSI in 1989 to auditing high-stakes offshore drilling operations around the globe. He explains the importance of risk-based auditing, why cookie-cutter systems fall short, and how custom, standards-driven solutions help companies improve performance, safety, and compliance. You'll also learn about the value of CSIA certification, the connection between intuition and successful audits, and what sets Bud's approach apart in an industry built on trust, evidence, and continuous improvement. P.S. The Show is always looking for guests! You do need to be part of a company that is a CSIA member with a Gold profile or higher on the CSIA Industrial Exchange but other than that, you are welcome to join this show. Contact Lisa Richter if you are interested. (Linkedin here)

In this episode of Talking Industrial Automation, host Lisa Richter sits down with Paul Adams, Senior Director of Partner Ecosystems at GE Vernova, to explore how his nearly three-decade journey with GE has shaped a deep understanding of software, systems, and integrator partnerships. From building global relationships to embracing cloud transformation and tackling cybersecurity challenges, Paul shares real-world insights into what it takes to scale, support, and modernize industrial automation today. Tune in to hear his thoughts on workforce evolution, strategic acquisitions, and the power of curiosity and connection in career growth. P.S. The Show is always looking for guests! You do need to be part of a company that is a CSIA member with a Gold profile or higher on the CSIA Industrial Exchange but other than that, you are welcome to join this show. Contact Lisa Richter if you are interested. (Linkedin here)

In this episode of Talking Industrial Automation, host Lisa Richter sits down with Joe Mazzola, General Manager of McEnery Automation, to unpack his journey from co-op student to company leader. Joe shares how McHenry has grown from a two-person startup to a 30-person team, fueled by long-term customer relationships, CSIA certification, and a culture of engineering excellence. From process automation innovations in brewing and consumer goods to navigating workforce transitions and integrating ERP systems, Joe offers grounded insights on scaling with integrity, embracing flexibility, and building solutions that last. P.S. The Show is always looking for guests! You do need to be part of a company that is a CSIA member with a Gold profile or higher on the CSIA Industrial Exchange but other than that, you are welcome to join this show. Contact Lisa Richter if you are interested. (Linkedin here)