A portfolio company of Sawtelle-based Angeles Equity Partners has acquired Indiana-based robotics manufacturer and integrator Capital Industries.
Terms of the deal were not disclosed. It is Angeles Equity Partners’ fifth acquisition in the robotics integration sector.
“We believe in the continued growth trajectory of the robotics integration industry,” Sam Heischuber, managing director at Angeles Equity Partners, said in a statement. “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 advised Angeles Equity Partners in the transaction.
Capital Industries will expand Angeles Equity Partners’ material handling, assembly operations and testing and control systems. Portfolio company Acieta made the acquisition.
“Capital is highly regarded for its deep technical expertise in robotics automation systems integration,” David Carr, chief executive of Acieta, said. “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.”
“Our team is eager to help lead what we believe is the country’s most proficient robotics integration platform,” Kent Colclazier, chief executive of Capital Industries, added. “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.”
It has been a busy time for Angeles Equity Partners. The firm, which was founded in 2014 by managing partners Jordan Katz and Tim Meyer, closed a $540 million second fund last year, well exceeding the $500 million target. The funds are being used to transform underperforming industrial businesses in North America.
The company has made a number of acquisitions since.
In May, Angeles Equity Partners purchased Chicago-based O’Hara’s Son Roofing, a roofing provider registered in 48 states.
In April, Angeles Equity’s portfolio company Data Clean Corp. bought DC Canada Inc. and in March, it purchased Colorado-based DP Guardian Inc.
