Angeles Builds Robotics Integration Platform
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Angeles Builds Robotics Integration Platform

Combination of RōBEX with Mid-State Engineering creates robotics integration platform

RōBEX is a designer, fabricator, and installer of robotic systems for customers in the consumer goods and logistics industries

SOURCE: Robex

Angeles Equity Partners has acquired RōBEX, a provider of industrial robotics integration services. In tandem with the buy of RōBEX, the company has completed the add-on acquisition of Mid-State Engineering, an automation integrator specializing in mechanical and electrical engineering.

RōBEX is a designer, fabricator, and installer of robotic systems for customers in the consumer goods and logistics industries. The company is an authorized system integrator for FANUC and a key distributor for Mobile Industrial Robots (MiR), Plus One Robotics, AutoGuide Mobile Robots, and Seegrid autonomous mobile robots.

RōBEX, led by CEO Jon Parker, is located near Toledo in Perrysburg, Ohio with a fabrication and service center near Richmond in Aylett, Virginia.

“Angeles represented the ideal partner for our next phase of growth,” said Mr. Parker. “They understand our vision and offer the resources, expertise, and scale that we were looking for to create a leading consolidator in the sector.”

Mid-State is a designer, fabricator, and integrator of mechanical and electrical systems used in commercial, industrial, and manufacturing applications. The company also specializes in traceability, part making, panel fabrication and vision systems for a variety of clients across industries. Mid-State is headquartered north of Indianapolis in Tipton, Indiana.

“Our partnership with RōBEX is a result of a proactive initiative targeting industrial automation and represents a great opportunity to consolidate the fragmented, and increasingly vital, robotics landscape,” said Sam Heischuber, a principal at Angeles. “As evidenced by our concurrent investment in Mid-State, we are focused on growing RōBEX through strategic bolt-on acquisitions.”

Angeles Equity makes control investments in companies with enterprise values up to $200 million that have headquarters and primary operations in the United States and Canada. Sectors of interest include aerospace, automotive, building products, capital goods, chemicals, electronics, manufacturing, metals, transportation and logistics, packaging, and distribution. In January 2017, the Los Angeles-based firm closed Angeles Equity Partners I LP with $360 million in committed capital.

The Peakstone Group was the financial advisor to RōBEX on this transaction.

© 2022 Private Equity Professional | March 8, 2022

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