Arsenal Capital Partners-backed Eckhart to merge with Innovative Products & Equipment.

Arsenal Capital Partners-backed Eckhart, a provider of advanced industrial solutions used to solve complex manufacturing needs, agreed to merge with Innovative Products & Equipment, an automation solutions provider. Financial terms were not disclosed. "We are excited to work with the Innovative team to enhance our delivery of advanced, end-to-end automation capabilities for our customers. Rich, Eric, Dale, Kevin, and the rest of the Innovative team have developed a reputation in the medical device and life sciences markets for solving mission-critical issues for their customers, and we believe joining forces will position us well for our next phase of growth," Andy Storm, Eckhart CEO.