RedZone Robotics: RedZone Robotics acquired

Milestone Partners acquired one of Pittsburgh's earliest robotics companies. RedZone Robotics, which spun out of Carnegie Mellon University more than 30 years ago, was sold to Radnor, Pa.-based Milestone by a group of private investors including ABS Capital Partners. Terms were not disclosed. RedZone uses proprietary robots and software tools to provide inspection, data collection and asset management services primarily for wastewater pipeline systems. Monroe Capital LLC said it acted as sole...