Simpson Thacher represented an affiliate of Angeles Equity Partners in connection with its acquisition of Acieta LLC (“Acieta”), which complements its current platform consisting of Robex, Midstate Engineering and +Vantage. The transaction closed on January 18, 2024. The financial terms of the transaction were not disclosed.
Headquartered in Waukesha, WI, Acieta is a full-service automation solutions provider with significant systems, controls, and software engineering capabilities developed since its inception in 1983. Over the past 40 years, with over 5,500 installed robots, Acieta has cultivated an outstanding reputation in the industrial automation field for its innovative technology and first-rate team. In addition, Acieta has built a large standard products business, which is a differentiated offering among systems integrators.
The acquisition of Acieta is consistent with RōBEX’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. Acieta’s combined approximately 67,000 square-foot manufacturing capacity, located in Council Bluffs, IA, and Waukesha, WI, will continue to operate. Combined with the business’ existing approximately 140,000 square-foot manufacturing operations, Acieta offers customers significant capacity, products, and services.
The Simpson Thacher team included Gregory Klein, Jonathan Conigliari, Mariella McCormack and Jason Cernius (M&A); Sophie Staples and Lina Pan (Tax); Harry Hudesman and Matias Botto (ECEB); Melanie Jolson and Mark Natividad (Intellectual Property/Privacy); Daniel Venditti (Labor and Employment); Dennis Loiacono (Real Estate); and Michael Isby (Environmental).