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Iron Path Capital: Investing in Industrial Automation and Motion Control

Gracie Gottlieb | 5 September, 2023

Iron Path Capital, a private equity firm focused on healthcare and specialty industrials, has announced a new strategic partnership with TruTech Servo Motors & Systems (TruTech). The partnership marks Iron Path's first investment in the industrial automation and motion control sector.

TruTech, founded in 2010, is a leading technology company specializing in the design, engineering, and manufacturing of custom electric motors for high-performance applications. They offer a broad range of motion control and industrial automation solutions, from semi-custom motors to fully customized complete motion systems.

The partnership with Iron Path Capital will provide TruTech with the opportunity to expand its capabilities and diversify into new end markets. With Iron Path's support, TruTech aims to create a broad portfolio of product offerings to meet the evolving needs of its customers.

Ted Paskvan, CEO of TruTech, expressed enthusiasm about the partnership, stating, "We are excited to partner with Iron Path and look forward to the next phase of TruTech's growth." TruTech's strong reputation in design and engineering, coupled with Iron Path's resources and industry expertise, is expected to drive TruTech's expansion in the motion control and automation sectors.

Iron Path Capital plans to support TruTech's growth through both organic and inorganic initiatives. This includes expanding engineering and sales resources, as well as adding new product lines and capabilities through strategic acquisitions. The partnership with TruTech represents Iron Path Capital's sixth platform investment, further solidifying its commitment to the healthcare and specialty industrial sectors.

Legal advisory services for Iron Path Capital are being provided by McDermott, while FORVIS, LLP serves as the financial advisor.

About TruTech Servo Motors & Systems

TruTech Servo Motors & Systems is a leader in providing Permanent Magnet Servo Motor (PMSM) solutions for applications requiring simple motion or complete motion-controlled precision. Founded in 2010, TruTech specializes in custom and semi-custom solutions used in high-performance applications in the automation, material handling, and medical end markets.

To learn more about TruTech, please visit trutechmotors.com.

About Iron Path Capital

Iron Path Capital is an operationally focused private equity firm that specializes in lower-middle-market investments within the healthcare and specialty industrial sectors. With offices in Nashville, TN, and Charlottesville, VA, Iron Path Capital supports its partners with capital, operating expertise, business development, and industry relationships to achieve significant scale. The firm selects companies with stable cash flows, strong management teams, and multiple growth vectors, both organic and through consolidation.

For more information, visit ironpathcapital.com.

Please note: Endorsements from portfolio company executives are provided solely to demonstrate the benefits of working with the Iron Path team. They are not intended to solicit investors in an Iron Path fund, and no compensation was provided for such testimonials.

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