Greenwich, CT – Capstone Headwaters advised RedZone Robotics, Inc. (“RedZone” or the “Company”) on its sale to private equity firm Milestone Partners. Terms of the transaction were not disclosed.
RedZone (www.redzone.com) is a technology-enabled solutions business that uses proprietary robots, sensing capabilities, and software tools to provide inspection, data collection, and asset management and decision support services primarily for wastewater pipeline systems. Founded in 1987 in Pittsburgh, Pennsylvania, RedZone’s data-driven solutions help companies avoid expensive infrastructure system failures, resulting in lower capital expenditures and maximized returns on investment. RedZone’s autonomous Solo robots, Profiler and Responder multi-sensor robots, and pipeline asset management software (ICOM), make it a technology leader in the industry. The Company has historically grown at an annual rate of over 20.0% and has strong growth opportunities through further investments in proactive sales efforts and channel development.