Angeles Partners With Acieta and Buys Capital Industries
Takeaway Points
- Angeles partners with Acieta and buys Capital Industries.
- Simpson Thacher & Bartlett LLP served as legal advisor for Angeles, and the terms of the transaction were not disclosed.
- Acieta’s focus is on providing a robust array of robotics applications to a different group of manufacturing customers across aerospace, etc.
Angeles and Acieta Buys Capital Industries
Angeles Equity Partners, LLC portfolio company, Acieta (formerly known as RōBEX), on Tuesday announced that it has acquired Capital Industries LLC, an Indiana-based industrial robotics manufacturer and integrator. This transaction is the fifth strategic acquisition by Angeles in the robotics integration sector.
Simpson Thacher & Bartlett LLP served as a legal advisor for Angeles, and the terms of the transaction were not disclosed, Angeles said.
David Carr, CEO of Acieta, said “Capital is highly regarded for its deep technical expertise in robotics automation systems integration. 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 and said “In partnership with Acieta, our team is eager to help lead what we believe is the country’s most proficient robotics integration platform. 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.”
Sam Heischuber, managing director at Angeles Equity Partners, said in a comment, “We believe in the continued growth trajectory of the robotics integration industry. The need for sophisticated robotics automation systems should only increase as the manufacturing sector continues to face labor shortages and increased manufacturing complexity.”
Acieta’s focus is on providing a robust array of robotics applications to a different group of manufacturing customers across aerospace, agriculture, automotive, building products, consumer packaged goods, energy, heavy industry, and life sciences, the firm said.
On July 23, 2024, Angeles Equity Partners, LLC, said that it had selected Peter Kurto as an operating partner at Angeles Operations Group. Kurto brings over 20 years of extensive P&L leadership experience within portfolio companies, driving transformation and performance improvement.
As an operating partner in the affiliated Angeles Operations Group, Kurto will work alongside the Angeles team to support the evaluation and due diligence of new investment opportunities, develop and execute value creation plans, and provide strategic oversight across the Angeles portfolio companies in his new role, Angeles said.
Before joining Angeles Operations Group, Kurto served as an Operating Executive at Monomoy Capital Partners (“MCP”). Prior to MCP, Peter held key leadership roles, including CEO of Columbus Industries, COO at H.M. Dunn AeroSystems, and CEO at American Air Filter. Kurto commenced his career at General Electric in various business leadership roles in the Global Chemicals Intermediates and GE Plastics Businesses, where he earned his Lean Six Sigma Black Belt.
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.
