Sverica Capital Management Announces Investment in Hirebotics
Summary
BOSTON, March 29, 2023 /PRNewswire/ -- Sverica Capital Management LP ("Sverica"), a private equity investment firm, today announced that on March 24th it made a strategic investment in Hirebotics, an innovative, high-growth automation company that has created a differentiated collaborative robot solution designed specifically for welding applications.Based in Nashville, Tennessee, Hirebotics Cobot Welder is a revolutionary product that combines premium welding equipment and a robotic arm with easy-to-use robust proprietary software to help address an acute shortage of skilled welding technicians. Founded in 2015 by Rob Goldiez and Matt Bush, then later joined by Zach Boyd, Hirebotics delivers a "cobot" solution that is controlled using a groundbreaking software application, Beacon, that was internally developed and is cloud-based. Rob Goldiez, founder and CEO commented, "Our search for a capital partner focused on firms that understood Hirebotics business model and growth opportunities and would allow us to take full advantage of a rapidly growing market need due to the shortage of skilled labor. Hirebotics impressive performance has them literally leading the development of a new market and is a testament to their collective business acumen, corporate culture and customer-focused model. Since inception, Sverica has followed a "business builder" approach to investing and takes an active supporting role in its portfolio companies.