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Milestone Partners to buy RedZone Robotics

Private equity firm Milestone Partners has acquired RedZone Robotics, Inc., PE Hub reported. Financial terms of the transaction were not announced. Pittsburgh-based, RedZone uses robots and software tools to provide inspection, data collection and asset management services primarily for wastewater pipeline systems. Monroe Capital acted as the lead arranger and administrative agent on the funding of the $21 million senior credit facility that backed the transaction.

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private equity deals,private equity,PE deals