Industrial Automation Leader Makes First Strategic Acquisition Since Becoming an Angeles Equity Partners Portfolio Company
Perrysburg, Ohio – November 3, 2022 – RōBEX LLC (“RōBEX”), an innovative provider of robotics and industrial automation solutions, today announced the acquisition of Vantage Corporation (“Vantage”), a Michigan-based industrial robotics manufacturer and integrator. The transaction is the first strategic acquisition by RōBEX since it was acquired by Angeles Equity Partners, a private investment firm focused on value creation through operational transformation. Through this strategic acquisition, RōBEX is strengthening its position as the market leader in diverse automation, inspection, assembly, and systems integration within the automotive, aerospace, biotech, and pharmaceutical industries.
“Vantage has an outstanding reputation in the automation field for its innovative technology and a world-class team. They are highly regarded for their deep technical expertise in robotic automation systems integration,” said Craig Francisco, President & COO of RōBEX. “Vantage’s highly technical, passionate, and well-trained employees will add to the high-performance culture at RōBEX. Vantage and RōBEX share many of the same values and approaches to innovative products and services. We are proud to welcome Vantage to the RōBEX platform. The combination will make us more competitive and help drive significant growth.”
Vantage Chief Executive Officer and Founder Tim White will remain in his position as CEO throughout the integration process. The terms of the acquisition were not disclosed.
“Vantage began its journey primarily serving the automotive industry in 2003. Today, our robotic automation solutions can be found in facilities across a variety of industries, including aerospace, medical, and plastics manufacturing. We are looking forward to our next chapter as part of the RōBEX team,” said Vantage CEO Tim White.
The acquisition of Vantage is consistent with RōBEX’s strategy to expand in key global markets, including Mexico, Canada, and China, with in-country technical field and engineering personnel that can support clients’ needs. Vantage’s flagship 66,000-square-foot manufacturing campus, located in Livonia, Michigan, will continue to operate and deliver world-class products and services to customers. When combined with RōBEX’s 55,000-square-foot manufacturing facility in Tipton, Indiana, the newly merged company offers significant capacity to customers.
“Angeles is excited to facilitate this deal. The combined power of these two companies presents a significant opportunity to become the leader in the automation systems integration space,” said Angeles Equity Partners Managing Director Sam Heischuber. “With an increased demand for industrial automation and robotics solutions, driven largely by the global labor shortage, the outlook is strong for this sector.”
About RōBEX
RōBEX is a leading robotic automation and materials handling integrator founded in 2015 in Perrysburg, Ohio. The company uses its uncommon experience and expertise to bring value to customers through robotic automation solutions that improve productivity and safety. RōBEX is an Angeles Equity Partners portfolio company. For more information, go to https://robex.us/.
About Vantage
Over the past 19 years, Vantage team has delivered seamless robotic automation manufacturing, inspection, assembly, and systems integration. Vantage’s combination of engineering expertise, technical capability, market competitiveness, and peerless after-sales support services allow enables manufacturers to automate and launch new programs with confidence. Vantage delivers innovative technologies that support manufacturers in delivering products on time, to spec, and within budget. For more information, visit https://vantage-corp.com/.
About Angeles Equity Partners
Angeles Equity Partners, LLC is a private equity firm that invests in companies across a wide range of sectors and specifically targets businesses that can directly benefit from the firm’s strategic, operational, and M&A capabilities. The Angeles skill set drives the firm’s investment philosophy and can help businesses reach their full potential. Learn more online at www.angelesequity.com.