Simpson Thacher represented an affiliate of Angeles Equity Partners in connection with its acquisition of Banks Machine & Engineering LLC d/b/a Capital Industries(“Capital”), which complements its current platform consisting of RōBEX, Midstate Engineering,+Vantage and Acieta. The transaction closed on July 24, 2024. The financial terms of the transaction were not disclosed.
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.
The acquisition of Capital is consistent with Angeles Equity Partners’s strategy to build a scaled robotics integration platform with an expanded manufacturing footprint within critical domestic markets and a broader focus on providing a robust array of robotic applications to a more diverse group of customers.
The Simpson Thacher team included Gregory Klein, Jonathan Conigliari, Mariella McCormack and Millen Trujillo (M&A); Sophie Staples, Nancy Mehlman and Lina Pan (Tax); Harry Hudesman, Matias Botto and Allison Sutherland (ECEB); Lori Lesser and Jason Anterasian (Intellectual Property/Privacy); Dennis Loiacono, Tim Gallagher and Ziena Hatem (Real Estate); and Michael Isby (Environmental).