Simpson Thacher represented Angeles Equity Partners in connection with its acquisition of RōBEX and Mid-State Engineering. The transaction closed on February 28, 2022. The financial terms of the transaction were not disclosed.
RōBEX is a precision integrator of industrial robots for the material handling space. The business designs, builds and installs custom robotic systems that improve productivity and safety through industrial, collaborative and autonomous mobile robots (“AMR”). The team specializes in serving the fast-moving consumer goods, logistics and 3PL (third-party logistics) industries. RōBEX is an authorized system integrator for FANUC and a key distributor for Mobile Industrial Robots (MiR), Plus One Robotics, AutoGuide Mobile Robots and Seegrid AMRs.
Mid-State Engineering is an automation integrator specializing in mechanical and electrical engineering and design, custom fabrication and integration of custom engineered solutions. The business also specializes in traceability and part marking, panel fabrication and vision systems. Their engineering prowess and in-house manufacturing capabilities complement RōBEX’s existing capabilities.
The Simpson Thacher team included Gregory Klein, Jonathan Conigliari and Mariella McCormack (M&A); Andrew Purcell and Lina Pan (Tax); Tristan Brown, Harry Hudesman and Brian Chung (ECEB); Lori Lesser, Melanie Jolson and Mark Natividad (Intellectual Property); Dennis Loiacono and Timothy Gallagher (Real Estate); and Christopher Brown (Credit).