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July 17, 2007
ROBOTIC PROCESS
SYSTEMS, INC. ACQUIRED BY INVESTOR GROUP,
RECRUITS EXPANDED EXECUTIVE TEAM
Spokane, Washington,
July 17, 2007— Robotic Process Systems, Inc., a global
supplier of selective solder equipment to the circuit
board manufacturing and assembly industry has been
acquired by an investor group led by GaitherCapital, a
private equity firm based in the San Francisco Bay Area.
Going forward, Robotic
Process Systems will operate under the name RPS
Automation, LLC and will continue to develop,
manufacture, and market its products and services
globally. Jess Baker, a founder of Robotics Process
Systems, will be President of RPS Automation and will be
joined by an expanded management team.
“RPS is a pioneer in
the field of selective soldering and they are committed
to and respected for their innovation, integrity and
customer service,” said Reed Gaither, Managing Director
of GaitherCapital. “With their successful launch of the
entry-level Rhythm™ system, RPS is uniquely positioned
as the only US-based manufacturer with a full line of
selective soldering equipment. We are excited to begin
work with the RPS team to meet the increased demand for
these products in North America and internationally.”
In making the
announcement, Jess Baker said “We are enthusiastic to be
partnering with GaitherCapital and their investor group.
I have been impressed with their management expertise,
extensive network of relationships, and dedication to
the long-term success of this business and our
customers. We are looking forward to their contribution
to the leadership of the business and to our continued
pursuit of high quality production and innovative
engineering.”
New management at RPS
will include Reed Gaither as Chief Executive Officer,
and Kari Novatney, a managing Director of GaitherCapital,
as Chief Financial Officer. A separate announcement will
provide detail regarding the addition of a new Vice
President of Global Sales.
About RPS
Automation LLC — The company specializes in the
design and manufacturing of selective soldering
equipment for the global circuit board manufacturing and
assembly market. RPS designs, engineers and manufactures
the Opus™, Harmony™, and Rhythm™ selective soldering
systems and the proprietary Maestro™ system control
software in Spokane, Washington, USA. The company has a
global network of sales representatives and distribution
partners. |