Stillwater represented ABCO Systems in the transaction.
Stillwater Capital is pleased to announce that it served as the exclusive M&A Advisor to ABCO Systems, a portfolio company of The Zaf Group, in its sale to Element Logic. “It was a pleasure to partner with The Zaf group and ABCO Systems on this successful transaction”, said Jennifer Alexander, Managing Director at Stillwater. ABCO Systems is a leading provider of material handling solutions, while Element Logic is a strategic acquirer specializing in warehouse optimization technologies. This transaction marks an exciting milestone for ABCO and positions the business, its employees, and its customers for continued growth, innovation, and long-term success. The sale reflects The Zaf Group’s commitment to building enduring companies, and where necessary, identifying strong partners to lead them through their next phase of evolution.
“It has been a true privilege to partner with ABCO over the past five years.” said Mike Zafirovski, Chairman and CEO of The Zaf Group. “The people and the culture are what make this company so special, and we’ve been constantly inspired by the team’s passion, resilience, and commitment to excellence. As stewards of the business, our goal was always to support its long-term growth and to invest in its people. We’re incredibly proud of what we have accomplished together and have full confidence that the Element Logic team will continue to build on this foundation and take the company to even greater heights.”
During its partnership with The Zaf Group, ABCO experienced substantial growth and transformation, including: • Doubled the size of company while maintaining a strong company culture and employee engagement, earning “Best Places to Work in NJ” recognition for three consecutive years • Achieved significant growth through disciplined execution, market-driven solutions, and strategic geographic expansion via multiple new office locations • Relocated its headquarters to a new, modern facility featuring a state-of-the-art showroom
These achievements are a testament to the strength of ABCO’s leadership team, the dedication of its employees combined with the long-term investment philosophy and value creating capabilities of The Zaf Group. The leadership team is immensely proud of the growth they’ve achieved together and is energized by the opportunities that lie ahead with Element.
“We are proud to have partnered with The Zaf Group over the past five years,” said Seth Weisberg, CEO of ABCO Systems. “Through smart growth, a relentless focus on customers, and a deep investment in people and infrastructure, the team has built an exceptional platform. We are confident that our new partnership with Element Logic will build on this momentum and allow us to continue to lead in the material handling solutions industry.”
“This is more than an acquisition – it is a perfect fit. ABCO’s strong commercial presence, complementary solutions, and customer-first approach are fully aligned with our values. By combining our strengths, we are empowering customers to optimize performance through holistic warehouse automation solutions that scale with their needs.” Krish Nathan, CEO - Element Logic Americas.
Jennifer Alexander led the deal team through the transaction with the support of Jamal Faraj and Steven Stringer. “Seth and the ABCO team have built an impressive company, and we are excited about the new possibilities for them as they start this new partnership with Element Logic. We are delighted to have been part of bringing these two organizations together.”
For more details on the transaction: Warehouse efficiency revolution: Element Logic acquires ABCO Systems - Element Logic US
The Zaf Group: The Zaf Group – the family office of Mike and Robin Zafirovski – is a privately held investment firm focused on building and growing exceptional businesses for the long term. With a flexible, patient capital base and a hands-on approach, The Zaf Group partners with leadership teams to support sustainable growth, operational excellence, and enduring value creation across a range of industries. We are driven by our 4 Core Pillars: High Values, High Expectations for Results, Commitment to People & Leadership Development, and Meritocracy.
ABCO Systems: ABCO Systems is a full-service systems integrator specializing in end-to-end material handling and automation solutions. They design, build, and support scalable systems that combine racking, mezzanines, conveyors, sortation, robotics, pick modules, and more - tailored to the unique needs of each facility.
As consumer demand accelerates and supply chains grow more complex, ABCO helps businesses stay competitive by integrating smart, flexible technologies that streamline every stage of warehouse operations - from order picking and packing to storage and fulfillment. Their solutions are built through trusted partnerships with leading automation and storage manufacturers, ensuring long-term performance and ROI.
Whether modernizing existing infrastructure or developing a new distribution center, ABCO Systems is committed to guiding clients through every stage of the process - from concept and engineering to installation and ongoing support. Delivering systems and building lasting solutions.
Element Logic® Element Logic optimizes warehouse performance through cutting-edge technology, AI-driven software, and tailored solutions that enhance efficiency, accuracy, and scalability. Element Logic is a global technology company founded in 1985, with more than 900 employees across 30 countries specializing in intelligent warehouse automation, and it’s the world’s first and largest AutoStore partner.
With a strong heritage rooted in innovation, Element Logic empowers businesses across industries to maximize success by automating workflows and improving logistics operations. Their unique combination of expertise, proven track record, and commitment to both, people and technology, make them the preferred partner for warehouses aiming to gain a competitive edge.
At Element Logic®, people are the greatest resource. It is their bravery, passion, and reliability values that enables them to deliver smarter solutions for their customers to succeed. Optimizing warehouse performance is not just a slogan - it is their mission.
About Stillwater Capital
Stillwater Capital is one of North America’s leading mid-market M&A advisors, having completed over 120 transactions in the past 20 years. Stillwater is dedicated to entrepreneurs and is singularly focused on generating outstanding outcomes for clients as they divest or acquire.
Stillwater is a member of the world’s premier professional advisory group, Geneva Capital Group, connected to 30,000 of the world’s best legal, accounting, and M&A professionals in over 800 offices in 126 countries.
Published on: April 28, 2024
