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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 for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.