Arcline Investment Management to acquire Reciprocating Compression Division of Baker Hughes, a GE subsidiary.

Arcline Investment Management, a growth oriented private equity fund with $1.5bn of capital under management, has acquired the Reciprocating Compression division of Baker Hughes, a GE company. Financial terms were not disclosed. The Reciprocating Compression division manufactures and services mission-critical compression and engine systems that are used in a variety of applications, including the transmission of natural gas across domestic and international pipelines. The Company is the original equipment manufacturer and supplier of parts for its systems and provides overhaul and repair services to its customers. "BHGE's Reciprocating Compression division serves the most critical infrastructure applications of its customers. We plan to aggressively invest in our long standing, loyal employee base so that they can support every brand of our equipment operating in the field," Arcline commented.