Announced
Financials
Tags
Machinery: Specialty
Pending
Domestic
Private Equity
Friendly
Single Bidder
United States
Private
gas compression systems
Acquisition
Minority
Synopsis
Private equity firm Arcline Investment Management agreed to invest in PDC Machines, a manufacturer of specialty gas compression systems. Financial terms were not disclosed. "As a family-owned business, choosing the right partner, not just a partner, to support us through our next stage of growth was of the utmost importance. Arcline shares our core values of humility, collaboration, and a growth mindset, as well as a passion for supporting the future of clean energy, making them an ideal partner for the PDC family. The future couldn't be brighter for PDC," Kareem Afzal, PDC CEO.
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