Month: March 2023

Boston, MA – March 29, 2023 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, today announced that on March 24^th 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.  In addition to direct sales, Hirebotics maintains key industry partnerships with leading manufacturers and distributors of welding equipment to extend its market reach.

Hirebotics’ approach to tool-in-hand applications like welding can readily be applied to adjacent use-cases. Sverica’s strategic investment is intended to facilitate Hirebotics’ realization of its full-potential within the welding automation market and expansion into new markets. 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. Sverica is a great fit for our needs and we are excited about partnering with them to take Hirebotics to the next level.”

Dave Finley, Managing Partner at Sverica said “We are pleased to partner with Rob, Matt and Zach to help them develop and execute a growth strategy into an exciting and evolving area of manufacturing.  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.”    

About Hirebotics

Founded in 2015, Hirebotics is a cobot technology developer headquartered in Nashville, Tennessee. Hirebotics designs and develops tools to improve the productivity, usability and affordability of collaborative robot systems. Hirebotics entered the welding automation space in 2019 as a key collaborator in the development of an early cobot welding system. In 2020, Hirebotics launched Beacon, a powerful robot software platform with support for applications, remote monitoring, and 24/7 global support functionality.

For more information, please visit www.hirebotics.com.

Boston, MA and San Fransisco, CA – March 22, 2023  – Sverica Capital Management (“Sverica”), a leading growth-oriented middle market private equity firm, announced today the close of its sixth private equity fund, Sverica Capital Partners VI (“Fund VI”) on March 15, 2023. Fund VI exceeded its target, was oversubscribed and closed at its hard cap of $750 million of total limited partner commitments. Sverica will use Fund VI to continue its strategy of investing in companies that are, or have the potential to be, category leaders within their respective industries. Sverica will also remain focused on businesses within the technology, business services, healthcare and advanced industrial sectors.

Dave Finley, Managing Partner at Sverica, said, “Maintaining the interest and trust of our limited partners to manage this new pool of capital is an honor. We have built a great team here at Sverica and are excited to continue following the investment and portfolio management strategies that have been proven through successive funds.”

Sverica invests in companies at the lower end of the middle market in its sectors of focus. Fund VI will target businesses with enterprise values of up to $250 million with strong growth characteristics and differentiated solutions or products. Sverica looks for opportunities to partner with talented business leaders and assist them on their growth journeys, with the hope of achieving goals together that they would be challenged to meet without Sverica’s support. Sverica’s investment returns are driven by identifying areas to reinvest back into businesses, augmenting a company’s talent, and building systems, processes and infrastructure to scale an organization during its investment period.  Over many years, Sverica has built its own set of best practices and standard operating procedures to support a repeatable and consistent investment process that will endure over the long-term.

Jordan Richards, Managing Partner said, “We are humbled and honored by the support from our longstanding limited partners and small group of new investors.  Fund VI will enable Sverica to invest in the next generation of entrepreneurs striving to be leaders in their industries as we actively provide support to achieve their goals.” 

Frank Young, Managing Partner commented, “The success of this fundraise, despite a very challenging environment for raising capital, is a testament to our outstanding team. We are fortunate to work with many talented, high character individuals, and are grateful for their passion, dedication and hard work.”

Sverica has raised nearly $2 billion across six funds and invested in 44 portfolio companies since inception.