Uncategorized

Iron Path Capital Announces Partnership with TruTech Servo Motors & Systems, First Investment in Industrial Automation and Motion Control


Nashville and Minneapolis, Tennessee, September 5, 2023–(BUSINESS WIRE)–Iron Path Capital, a private equity firm focused on healthcare and specialty industries, today announced a new strategic partnership with TruTech Servo Motors & Systems (TruTech), a technology leader in design, engineering and manufacturing Customized electric motors for high-performance applications. TruTech will be the first investment in Iron Path’s broader building strategy in industrial automation and motion control.

Founded in 2010, TruTech offers a wide range of motion control and industrial automation solutions, from semi-customized electric motors to fully customized complete motion solutions.

“Partnering with Iron Path will allow us to expand our capabilities, diversify into new end markets and create a broad product portfolio that helps us meet our customers’ needs,” said Ted Paskvan, CEO of TruTech. “We are pleased to partner with Iron Path , and look forward to TruTech’s next phase of growth*. “

“TruTech has a strong reputation for supporting clients through high-quality design and engineering capabilities, and we are excited to partner with Ted and the rest of the TruTech team to support their clients,” said Rob Reistetter, Managing Partner at Iron Path Capital. The field of control and automation continues to expand.

Iron Path aims to support TruTech’s growth through organic and inorganic measures, including expanding engineering and sales resources and adding new product lines and capabilities through strategic acquisitions.

This transaction is the sixth platform investment completed by Iron Path Capital.

McDermott is serving as its legal counsel, and FORVIS, LLP is serving as Iron Path’s financial advisor.

About TruTech Servo Motors and Systems

TruTech Servo Motors and Systems (“TruTech”) is the leader in permanent magnet servo motor (PMSM) solutions for applications requiring simple motion or complete motion control accuracy. Founded in 2010, TruTech specializes in custom and semi-custom solutions for high-performance applications in the automation, material handling and medical end markets.

To learn more about TruTech, visit trutechmotors.com.

About Rail Capital

Iron Path Capital is an operating-focused private equity firm focused on lower-middle-market investments in the healthcare and specialty industrial sectors. With offices in Nashville, Tennessee, and Charlottesville, Virginia, Iron Path Capital provides its partners with capital, operational expertise, business development and industry relationship support to achieve significant scale. Iron Path Capital selects companies with stable cash flows, exceptional management teams, strong performance trajectories, and multiple approaches to organic and integrated growth.

For more information, visit ironpathcapital.com.

*Provide endorsements from portfolio company executives demonstrating the benefits of working with the Iron Path team. This information is not provided to solicit investors in the Iron Path Funds. Portfolio company executives mentioned in this endorsement are not investors in the Iron Path funds and were not compensated for such recommendations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230905147670/en/

contact method

media@ironpathcapital.com



Source link

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *