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Latest News  + Alternative Assets  + Direct Investment  + M&As  + Private Equity  |  November 4, 2022
Joe Palmisano
By: Joe Palmisano

Angeles Equity Partners-backed RōBEX Acquires Vantage Corporation

Angeles Equity Partners-backed RōBEX, a robotics and industrial automation provider, has acquired Vantage Corporation, an industrial robotics manufacturer and integrator. The terms of the transaction were not disclosed. 

This is the first strategic acquisition by RōBEX since it was acquired by Santa Monica-based private investment firm Angeles Equity Partners earlier in the year. 

The combination of RōBEX’s 55,000-square-foot manufacturing facility in Tipton, Indiana, and Vantage’s flagship 66,000-square-foot manufacturing facility in Livonia, Michigan, is expected to add significant capacity to customers. 

“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 CEO and founder Tim White will remain as CEO throughout the integration process. 

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Angeles Equity PartnersVantage CorporationRobex

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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