SOUTHLAKE, Texas, Aug. 13,
2024 /PRNewswire/ -- Gauge Capital ("Gauge")
announced that it has partnered with the founder and management
team of AGT Robotics (https://www.agtrobotics.com) ("AGT" or the
"Company") to provide growth capital and recapitalize the Company.
Founded in 1992 and headquartered in Trois Rivieres, QC, AGT is a leading provider
of robotic welding solutions for the structural steel and heavy
metal fabrication industry. The Company's primary products are
modular, autonomous welding robots which operate on proprietary
software that has been developed specifically for the structural
steel and heavy metal manufacturing industry. This software enables
end-users to analyze structural plans, identify each unique part
used in the welding process, and determine the ideal type of weld,
allowing the robot to conduct the welds with little to no human
intervention.
"We are thrilled to welcome Gauge Capital to the AGT family. The
team and I are confident that our partnership will help facilitate
our company's growth, turning our long-term vision into reality
while continuing to pursue our mission to deliver world-class
products to our highly satisfied clients" said Éric Bélanger,
Founder and President of AGT. Louis
Dicaire, CEO, added, "As a renowned and globally respected
investor, Gauge Capital will support us in reaching our full
potential and growth objectives financially, as well as help
position the company strategically on the global scale. We are all
extremely excited to begin this collaboration with our new
partner."
James Jackson, Partner at Gauge
Capital said, "We are honored to partner with AGT and work
alongside the team to realize our shared vision for the future of
the Company. AGT's consistent focus on quality, innovation, and the
importance of relationships has helped them create an amazing
business. We look forward to maintaining those key values while
providing additional resources to accelerate growth and capitalize
on industrial automation adoption tailwinds."
As part of the partnership, James
Jackson, Garrett Fair, and
Kevin Rafferty from Gauge Capital
have joined the Company's Board of Directors. Drake Star, led by Steven Dana, advised Gauge Capital on the
acquisition. "Steve's expertise and relationships in the welding
automation and broader fabrication technology sector were
invaluable during our acquisition of AGT Robotics," added
Kevin Rafferty, Vice President at
Gauge Capital. Ropes & Gray LLP and Blake, Cassels &
Graydon LLP served as legal advisors to Gauge. To learn more
about Gauge Capital, please visit gaugecapital.com or please
contact Andrew Peix, Partner,
Business Development at apeix@gaugecapital.com.
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SOURCE Gauge Capital