The Mendota Group completed the acquisition of Innovative Fluid Handling Group.

The Mendota Group, a private equity form, completed the acquisition of Innovative Fluid Handling Group, a company operating oil and gas field properties. Financial terms were not disclosed. "The Madison Street Capital team gave us the opportunity to market and sell our company at a time when our business was changing rapidly, and we really needed the help. Barry Peterson and his team put together an impressive documentation of our story and took the time to walk us step by step through the process right up to closing. He kept the process on track through all the challenges while providing invaluable guidance along the way. All in all, the Madison Street Capital group was instrumental in bringing the right partner to the table and helping us complete the transaction," Jim King, IFH CEO.