Iron Path Capital Announces Partnership with TruTech Servo Motors & Systems as First Investment in Industrial Automation
Iron Path Capital, a private equity firm focused on healthcare and specialty industrials, announced a new strategic partnership with TruTech Servo Motors & Systems (TruTech), a technology leader in the design, engineering, and manufacturing of custom electric motors for use in high-performance applications. TruTech will serve as the first investment in Iron Path’s broader build-up strategy in industrial automation and motion control.
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“TruTech has a strong reputation of supporting customers through its high-quality design and engineering capabilities, and we’re thrilled to partner with Ted and the rest of the TruTech team to support their continued expansion in the motion control and automation sectors.”
Founded in 2010, TruTech offers a broad suite of motion control and industrial automation solutions, ranging from semi-custom electric motors to fully customized complete motion solutions.
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“Our partnership with Iron Path will allow us to expand our capabilities, diversify into new end markets, and create a broad portfolio of product offerings to help us meet the needs of our customers,” said Ted Paskvan, CEO of TruTech. “We are excited to partner with Iron Path and look forward to the next phase of TruTech’s growth*.”
Rob Reistetter, Managing Partner of Iron Path Capital, said: “TruTech has a strong reputation of supporting customers through its high-quality design and engineering capabilities, and we’re thrilled to partner with Ted and the rest of the TruTech team to support their continued expansion in the motion control and automation sectors.”
Iron Path aims to support TruTech’s growth through both organic and inorganic initiatives, including expanded engineering and sales resources and the addition of new product lines and capabilities through strategic acquisitions.
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