LOS ANGELES–(BUSINESS WIRE)–Angeles Equity Partners, portfolio company, Acieta, today announced the acquisition of Capital Industries, 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.
