Angeles Equity Partners Portfolio Company Acieta Acquires Capital Industries
30 Julio 2024 - 6:00AM
Business Wire
Fifth Strategic Robotics Transaction Extends
Services Capabilities and Expands End Market Diversity
Angeles Equity Partners, LLC (“Angeles”) portfolio company,
Acieta (formerly known as RōBEX), today announced the acquisition
of Capital Industries LLC (“Capital”), an Indiana-based industrial
robotics manufacturer and integrator. This transaction marks the
fifth strategic acquisition by Angeles in the robotics integration
sector. Capital further expands the platform’s material handling,
assembly systems, and testing and control systems capabilities
across a broader set of end markets, including medical and
pharmaceutical, food and beverage, energy storage, consumer
products, and aerospace and defense.
Headquartered in Shelbyville, IN, Capital is a full-service
custom robotics system integrator with significant expertise in
build-to-print and fabrication services, in-house machining, and
electrical panel building services. Since its inception in 1999,
Capital has cultivated an outstanding reputation in the industrial
automation field for its customer-centric focus on solutions and
its world-class team.
“Capital is highly regarded for its deep technical expertise in
robotics automation systems integration,” said David Carr, CEO of
Acieta. “By combining Capital’s highly technical team, technology,
and high-performance culture with Acieta, we believe we are
exceptionally qualified to address any customer’s industrial
automation requirements.”
Capital CEO Kent Colclazier expressed his enthusiasm about the
transaction.
“In partnership with Acieta, our team is eager to help lead what
we believe is the country’s most proficient robotics integration
platform,” said Colclazier. “This combination promises our
customers expanded reach, additional resources, and an unparalleled
industry experience. My team and I are excited to be a part of the
next chapter of the Acieta platform.”
This transaction represents another key step in Angeles’
strategy to build a scaled robotics integration platform with
strong technology capabilities. Acieta’s focus is on providing a
robust array of robotics applications to a diverse group of
manufacturing customers across aerospace, agriculture, automotive,
building products, consumer packaged goods, energy, heavy industry,
and life sciences.
“We believe in the continued growth trajectory of the robotics
integration industry,” said Sam Heischuber, managing director at
Angeles Equity Partners. “The need for sophisticated robotics
automation systems should only increase as the manufacturing sector
continues to face labor shortages and increased manufacturing
complexity.”
Simpson Thacher & Bartlett LLP served as legal advisor for
Angeles. The terms of the transaction were not disclosed.
About Angeles Equity Partners, LLC
Angeles Equity Partners, LLC is a specialist private investment
firm headquartered in Los Angeles. The firm’s investment philosophy
is to partner with niche manufacturing, critical industrial
services, and specialty distribution businesses to help unlock
their full potential through operational transformation and
strategic repositioning. Learn more online at
www.angelesequity.com.
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Trent Waterhouse info@angelesequity.com +1 623-523-1672