Generational Group, a leading M&A advisory firm for privately held businesses, has announced the sale of its client, Banks Machine & Engineering Inc. (dba Capital Industries), to Acieta, a portfolio company of Angeles Equity Partners. The acquisition was finalized on July 24, 2024. Based in Shelbyville, Indiana, Capital Industries specializes in designing and manufacturing custom robotic and automation systems, including material handling solutions for OEMs. The company also provides high-quality maintenance products for concrete and asphalt, enhancing infrastructure longevity and safety.
Capital Industries CEO, Kent Colclazier, expressed excitement about partnering with Acieta, noting the expanded reach and resources this combination brings. “Our team is eager to lead what we believe is the country’s most proficient robotics integration platform, offering an unparalleled experience to our customers.”
Angeles Equity Partners, a Los Angeles-based private investment firm, focuses on niche manufacturing and industrial services, aiming to help businesses realize their full potential through operational transformation. The acquisition aligns with Angeles’ strategy to build a comprehensive robotics integration platform.
Generational Group’s M&A team, led by Michael Goss, Jon LePage, David Robinson, and Bryce Gray, facilitated the transaction. Ryan Binkley, CEO of Generational Group, highlighted the significance of the deal, saying, “This acquisition is a major step forward for both companies, fostering growth and innovation in the industrial machinery sector.”
