Eckhart Acquires Minneapolis-based PRI Robotics & Automation

WARREN, MI – January 14, 2019 – Eckhart, Inc. announced today that it has acquired PRI Robotics & Automation, a specialty robotic systems integrator located in Plymouth, Minnesota. Eckhart is an Industry 4.0 leader that designs, builds, and integrates turn-key systems for the largest industrial companies in the world. Eckhart’s suite of solutions includes AUTOCRAFT™ autonomous guided vehicles, collaborative robotics, 3D printing, automated conveyance & assembly systems, mechanical & electrical design services, simulation, and specialized ergonomic assembly line tools and equipment.

PRI Robotics & Automation, established in 1995, designs, builds, and integrates robotic systems for applications that include machine tending, assembly, dispensing, material removal, arc welding, and quality inspection. Located in the heart of the Twin Cities with direct access to nineteen Fortune 500 headquarters, one of the largest privately held companies in the world, and the 2nd largest medical device manufacturing center in the United States, PRI Robotics serves a diverse customer base spanning many industries and end markets.

John Quinn, President of PRI Robotics & Automation, said, “Our team has been designing and integrating highly engineered robotic systems for over 24 years. From welding safety critical products used out on the oil fields of North Dakota to completing the assembly of high precision medical devices in Puerto Rico, our team of technical experts deliver reliable solutions that make customers’ lives easier. As companies accelerate the adoption of Industry 4.0 technology, our team helps them build flexible manufacturing systems that improve safety, quality, and productivity by automating repetitive tasks.” Quinn continued, “With an installed base that exceeds 500 systems, we sought a partner with an established track record of bringing innovation and new ideas to coworkers and customers. The integrity of Eckhart’s leadership team, their proven commitment to invest locally, and their desire to expand solution offerings was compelling. Their continued investment in service and support represented a significant opportunity for both my coworkers and our customers to succeed.”

Eckhart President & CEO Andy Storm said, “This acquisition signals our unwavering commitment to Industry 4.0 and the systems expertise we believe is requisite to accelerate the adoption of advanced technologies across the manufacturing spectrum. PRI Robotics & Automation will help us expand and grow our footprint in the Twin Cities region, enable unmatched local service & support for our growing list of customers across America’s heartland, and provide direct access to some of Eckhart’s most valued technology partners who are also located in the Twin Cities.”

Storm continued, “The unprecedented growth and continued geographic expansion of our company is a testament to the hard work of all Eckhart employees. As a team we will continue to seek out opportunities to help customers solve difficult problems and together we will rapidly accelerate the deployment of Industry 4.0 technologies to industries that we believe will shape the future of the world.”


About Eckhart, Inc.

With over 60 years of experience and based in Warren, Michigan, Eckhart engineers advanced industrial solutions that enhance the quality of life. Eckhart’s proven portfolio of Industry 4.0 technology includes AUTOCRAFT™ autonomous guided vehicles (AGVs), collaborative robotic systems, traditional robotics, assembly line design & simulation, 3D printing tool development & production, and ergonomic assembly tooling solutions for the world’s largest manufacturers. Eckhart serves an established and loyal, blue-chip customer base of leading automotive and industrial original equipment manufacturers that include General Mills, Cargill, Stryker Medical, Boeing, John Deere, Bradford White, and Schneider Electric. For additional information, please visit www.eckhartusa.com.


About PRI Robotics

Established in 1995 and based in Plymouth, Minnesota, PRI Robotics & Automation has been designing, building, installing, and servicing robotic systems for over 24 years. Core solutions include automated machine tending, assembly, dispensing, material removal, arc welding, and quality inspection for the agriculture, refrigerated transportation, medical device, automotive, and outdoor/recreational industries. As one of less than thirty FANUC Certified Servicing Integrators in the United States, PRI Robotics & Automation provides industry leading service and support to an installed base that exceeds 500 robotic systems. PRI customers include Honeywell, Medtronic, Federal Mogul, Case New Holland, ThermoKing, Toro, Horton, Bobalee, and Post Consumer Brands.

EDSCO Fasteners Acquires Indiana Anchor Bolt

DENTON, TX – JANUARY 2, 2018 – EDSCO Fasteners is pleased to announce the acquisition of Indiana Anchor Bolt, Inc. EDSCO, headquartered in Denton, Texas, is a leading supplier of foundation anchoring systems for critical infrastructure installations such as power transmission poles and substation structures. EDSCO has been a portfolio company of Nashville-based LFM Capital since January 2017.

Indiana Anchor Bolt, Inc. (“IAB”), headquartered in Waterloo, Indiana, manufactures structural steel products for a variety of customers, including those in the utilities, construction, and transportation end markets.

Richard Butler, President of EDSCO, commented, “Indiana Anchor Bolt is a perfect complement to EDSCO as we continue to seek opportunities to broaden our product offerings and enhance service levels to our customers. We are excited for the new facility in Indiana, complementing our existing facilities in Tennessee, Texas, North Carolina, and Utah, augmenting our ability to quickly ship products to customers around the country.”

Darrin Dickerhoof, President of IAB, added, “Indiana Anchor Bolt is excited to join with EDSCO and continue delivering high quality structural steel solutions with top notch service to our customers. We are looking forward to bringing our expertise in a broad range of structural steel products to an expanded geographic market.”

About EDSCO Fasteners

EDSCO Fasteners has produced anchor bolts for makers of large steel structures since 1985. Hard work, quality products, on-time service, competitive pricing and the ability to supply full certification of materials have steadily enhanced the company's position in the industry. Learn more about EDSCO at www.edsco.com.

About LFM Capital

LFM Capital is a Nashville-based private equity firm focused on lower middle market U.S. manufacturing and industrial services companies with outstanding growth prospects. LFM targets lead or control investments in market leading companies with at least $3 million of EBITDA and enterprise values ranging from $15 to $125 million. The LFM team is led by experienced and successful Fortune 50 global executive managers and private equity professionals who bring decades of management leadership, operating best practices, exceptional professional recruiting networks, and a successful track record in lower middle market investing. LFM partners with management teams to drive business value through a combination of manufacturing and operations excellence, world-class executive management, and targeted growth and expansion strategies. For additional information, please visit www.lfmcapital.com.