Arcline Investment Management acquired Pride Engineering from May River Capital.

Private equity firm Arcline Investment Management acquired Pride Engineering, the global leader in the design and manufacture of precision-engineered tooling, equipment, and aftermarket parts that are mission-critical to the aluminum beverage packaging manufacturing process, from May River Capital. Financial terms were not disclosed. Greg Pickert, President and CEO of Pride, said, "We are excited to partner with Arcline, which shares our passion for supporting our customers' vision of advancing the adoption of environmentally favorable packaging. Arcline's experience in software and technology enablement will be a great asset as we further develop the next generation of connected tooling for our customers. We look forward to playing a key role in the sustainable packaging industry as we invest in our next phase of growth."