Investment Firm Buys Tipton Company
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Los Angeles-based private investment firm Angeles Equity Partners LLC has acquired Mid-State Engineering LLC in Tipton and RōBEX LLC in Ohio. While financial terms of the deal were not disclosed, Angeles says the combination will create an industrial automation integration platform that will support material handling consolidation.
The firm says RōBEX will serve as the platform investment with Mid-State as the first bolt-on acquisition.
Mid-State Engineering specializes in mechanical and electrical engineering and design, custom fabrication, and integration of custom engineered solutions. Angeles says Mid-State’s engineering prowess and in-house manufacturing capabilities complement RōBEX’s existing capabilities.
“Mid-State’s deep technical experience within robotic automation enables us to expand into new customer segments,” said Craig Francisco, president of RōBEX. “We are excited to welcome them to the RōBEX family.”
RōBEX is a precision integrator of industrial robots in the material handling space. The company designs, builds, and installs custom robotic systems.