StrongArm Tech, a workplace injury prevention firm started by Under 30 alum Sean Petterson, is being acquired by a private equity firm as the industrial-wearables market shakes out.
led by Drive Capital, to crank up production and sales of the startup’s wearable devices.
When the firm tried to raise new venture funding in a rough market over the winter, the private-equity offer came up and the firm grabbed it. With the relocation of StrongArm’s Brooklyn office and plans for a largely remote operation, Petterson, who will stay with the firm as CEO, is moving to Denver. The StrongArm name and products will remain.
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