Generational Group Advises Banks Machine & Engineering Inc. dba Capital Industries in its Sale to Angeles Equity Partners a Portfolio Company of Acieta
September 09 2024 - 4:16PM
Business Wire
Generational Group, a leading mergers and acquisitions advisory
firm for privately held businesses, is pleased to announce the sale
of its client, Banks Machine & Engineering Inc. dba Capital
Industries to Acieta, a portfolio company of funds managed by
Angeles Equity Partners. The acquisition closed July 24, 2024.
Located in Shelbyville, Indiana, Capital Industries is a leading
designer and manufacturer of custom robotic and automation systems,
including material handling and feeding systems for OEMs across
various industries. In addition to automation solutions, the
company also provides high-quality maintenance and repair products,
particularly for concrete and asphalt. These products are designed
to enhance the longevity and safety of infrastructure. Capital
Industries is committed to innovation, offering effective and
user-friendly solutions to clients in industries such as
transportation, manufacturing, and property management.
Angeles Equity Partners is a Los Angeles-based private
investment firm specializing in partnering with niche
manufacturing, critical industrial services, and specialty
distribution businesses to help them reach their full potential.
The firm's investment philosophy is driven by its deep expertise in
operational transformation and strategic repositioning.
Capital Industries CEO, Kent Colclazier, stated, “In partnership
with Acieta, our team is eager to help lead what we believe is the
country’s most proficient robotics integration platform. This
combination promises our customers expanded reach, additional
resources, and an unparalleled industry experience. My team and I
are excited to be a part of the next chapter of the Acieta
platform.”
This transaction marks a significant advancement in Angeles'
strategy to create a comprehensive robotics integration platform
with advanced technology capabilities. Acieta is focused on
delivering a wide range of robotics applications to a diverse set
of manufacturing sectors, including aerospace, agriculture,
automotive, building products, consumer packaged goods, energy,
heavy industry, and life sciences.
Generational Group Executive Managing Director of M&A -
Central Region, Michael Goss, and his team, led by Senior Vice
President, M&A, Jon LePage closed the deal. Senior Managing
Director, David Robinson, and Senior M&A Advisor, Bryce Gray,
established the initial relationship with Banks Machine &
Engineering Inc. dba Capital Industries.
Ryan Binkley, CEO of Generational Group, “This acquisition marks
a significant step forward for both companies, leveraging their
strengths to foster growth and innovation in the industrial
machinery industry. At Generational Group, we are proud to
facilitate such impactful transactions.”
About Generational Group
Generational Group, headquartered in Dallas, is a leading,
award-winning, full-service business advisory firm. With more than
350 professionals located throughout 17 offices in North America,
the company helps business owners release their business’ wealth by
providing growth consulting, merger, acquisition, and wealth
management services. The Generational suite of advisory services
includes strategic growth consulting, exit planning education,
business valuation, value enhancement strategies, M&A services,
digital services, and wealth management. For more information,
visit generational.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240909255824/en/
Jenna Gaston 469-694-8764 jgaston@generational.com