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Resilience Capital buys automation solutions provider TSS Technologies

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Resilience Capital buys automation solutions provider TSS Technologies

Middle-market private equity firm Resilience Capital Partners LLC paid an undisclosed sum to acquire West Chester, Ohio-based TSS Technologies Inc.

The acquired company, which has a team of more than 100 professionals, also operates in Carlsbad, Calif., under the trade name R&3D Technologies. It offers custom automation solutions, including material handling, assembly, web handling and vision inspection, for customers in the medical device and life sciences, consumer, industrial, and aviation and aerospace sectors.

Marc Drapp will remain CEO of TSS while technology-enabled and advanced global-manufacturing industry veteran Shirish Pareek will become executive board chairman at the company.