Thursday, March 5, 2015
Motion Solutions Gets Private Equity Investment
Aliso Viejo--based Motion Solutions, a developer of linear motion and motion control hardware used in the semiconductor fabrication equipment, medical equipment, aerospace, and robotics industry, has received a private equity funding from North Branch Capital. Financial details of the funding were not announced by the companies. North Branch said it partnered with Midwest Mezzanine, Robert w. Baird & Co, and Motion Solutions' current management team for the transaction, with senior debt provided by First American Bank. Motion Solutions was previously owned by founders Harold Katz and Wally Logan, who North Branch says continue to own a "significant portion" of the business. Motion Solutions was founded in 1956.