Arcline Investment Management completed the acquisition of a majority stake in Glebar Company.

Arcline Investment Management, a growth-oriented private equity firm, completed the acquisition of a majority stake in Glebar Company, which designs, manufactures and services turnkey micro machining, centerless grinding and electrochemical grinding systems. Financial terms were not disclosed. "We are excited to partner with Glebar management and to continue the Company's focus on maximizing its customers' return on investment and throughput in the production of increasingly complex components used in minimally invasive surgery, aerospace and other mission-critical industrial applications. We are committed to investing both organically in the Company's engineering, technology, and aftermarket service capabilities, as well as through acquisitions such as Everite, to continue to build Glebar into a leading, full-service provider of innovative process improvement solutions for its customers," Arcline.