Angeles Equity Partners has acquired a majority stake in Rōbex and an add-on acquisition of Mid-State Engineering. Peakstone acted as the financial and M&A advisor to Rōbex on the deal. The deal was previously announced on March 1, 2022.

RōBEX designs, builds, and installs custom robotic services to improve productivity and safety through industrial, collaborative, and autonomous mobile robots. The firm is an integrator of industrial robots for the material handling space.

Peakstone is a leading investment bank that specializes in mergers and acquisitions, advisory, and capital raising for middle market clients. Angeles Equity Partners is a private equity firm that invests in companies across sectors. Mid-State Engineering is an automation integrator specializing in mechanical and electrical engineering and design, custom fabrication, and integration of custom-engineered services.

“Angeles represented the ideal partner for our next phase of growth. They understand our vision and offer the resources, expertise, and scale that we were looking for to create a leading consolidator in the sector,” said Jon Parker, CEO of RōBEX. “Peakstone was a true value-added advisor. Throughout the process, we were impressed with their creativity and tenacity. Closing our first add-on acquisition simultaneously with the majority sale to Angeles brought its share of complexities and we couldn’t have done it without Peakstone.”