Arsenal Capital Partners, a private equity firm that specializes in investments in industrial growth and healthcare companies, announced that it has completed an investment in Innovative Products & Equipment, Inc., which it will combine with Eckhart, Inc. to build a leading automation solutions provider serving highly complex applications in high-growth end markets.
Innovative Products, an automation solutions provider that focuses on the medical device and life sciences markets, represents Arsenal's second investment in the automation sector, following the acquisition of Eckhart in December 2021. Together, Innovative and Eckhart will provide specialized automation solutions, including factory of the future (design simulation) services, single & multi-cell automation systems, and fully automated assembly lines, as well as automation technologies, including AGVs, autonomous mobile robots (AMRs), thermal bonders, servo presses and semi-automated tooling.
"We are excited to work with the Innovative team to enhance our delivery of advanced, end-to-end automation capabilities for our customers," said Andy Storm, CEO of Eckhart. "Rich, Eric, Dale, Kevin and the rest of the Innovative team have developed a reputation in the medical device and life sciences markets for solving mission-critical issues for their customers, and we believe joining forces will position us well for our next phase of growth."
Rich Brownstein, Principal and Co-President of Innovative, stated, "We are thrilled to partner with Arsenal, Andy and the Eckhart team. The scale, capabilities and resources that we can provide as a combined company will allow us to strategically accelerate growth as we support our global customer base with higher productivity, efficiency and precision. Arsenal's reputation and experience investing in innovation-forward industrial technology and healthcare companies gives us confidence in the future growth prospects of our industry and company."
Innovative Products & Equipment
20 Executive Drive
Hudson, NH 03051
603-246-5858
ipeinfo@ipeinc.com
www.ipeinc.com
Eckhart, Inc.
570 Lake Cook Road
Deerfield, IL 60015
651-252-8748
www.eckhartusa.com
Arsenal Capital Partners
100 Park Ave., 31st Floor
New York, NY 10017
212-771-1717
info@arsenalcapital.com
www.arsenalcapital.com