Blackford Capital, a lower middle market private equity firm, has acquired PACIV, a full-service provider of industrial process automation and systems integration primarily for manufacturers in the pharmaceutical and life sciences industries.
Blackford Capital, a lower middle market private equity firm, has acquired PACIV, a full-service provider of industrial process automation and systems integration primarily for manufacturers in the pharmaceutical and life sciences industries.
Terms of the transaction have not been disclosed.
PACIV was founded in 1997, and operates offices in San Juan, Puerto Rico, Indianapolis, Indiana, and in Cork, Ireland
The PACIV management team, led by President Rick Straw and Chief Financial Officer Mácar Garrote, will remain with the company following the acquisition.
MFS Capital Advisors served as exclusive financial advisor and Adsuar Muñiz Goyco Seda & Pérez-Ochoa, PSC served as legal advisor to PACIV. Varnum LLP served as legal advisor and Grant Thornton served as the financial and tax advisor to Blackford. Associated Bank and HCAP Partners provided debt financing, and Rush Street Capital provided financing advisory services in support of the transaction.
