Arlington Capital Completes Acquisition Of iRobot's Defense Business

iRobot was awarded a $4 million contract by the Navy for a number of 110 FirstLook robots. (Source: iRobot Corp.)

The private equity firm Arlington Capital Partners on Monday said it has completed the acquisition of iRobot’s [IRBT] government robotics business and renamed the company Endeavor Robotics.Endeavor Robotics will be the largest independent provider of ground-based robots to the Defense Department with a “significant and growing global presence in the security, industrial and international defense markets,” Arlington Capital said.The deal was first announced in February. iRobot said then that the deal price is worth upward of $45 million, including earnout…

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Arlington Capital Completes Acquisition Of iRobot’s Defense Business

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