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Milestone Partners leads RedZone Robotics acquisition

Private equity sponsor Milestone Partners led the acquisition of Pittsburgh-based RedZone Robotics Inc., which provides technology-enabled inspection, data collection and asset management solutions mainly for wastewater pipeline systems.

Financial terms of the deal were not made public.

Monroe Capital LLC said June 12 that it was the sole lead arranger and administrative agent for a $21 million senior credit facility used to fund the acquisition.