Arsenal Capital Partners has announced it has acquired Innovative Products & Equipment.

Innovative, based in Hudson, N.H., provides automation and product and process development solutions to customers in specialized markets, with a focus on medical device and life sciences. Founded in 1980, the company’s technologies and solutions include automated assembly and test systems, machine vision solutions, integrated robotics and engineering services.

Arsenal, based in New York, is a private equity firm specializing in investments in middle market healthcare and specialty industrials companies. Founded in 2000, the firm seeks control investments in companies with the capacity to use $50 million to $300 million of equity, including add-on acquisitions.

Terms of the acquisition were not disclosed. Arsenal indicated that it plans to combine Innovative with Eckhart, a current portfolio company Arsenal acquired in December 2021.