IMI Precision Engineering completed the acquisition of Adaptas Solutions from Ampersand Capital for $271m.

IMI Precision Engineering, a motion and fluid control technologies provider, completed the acquisition of Adaptas Solutions, a strategic OEM supplier for key products and manufacturing service, from Ampersand Capital, a healthcare-focused private equity firm, for $271m. "Ampersand has been a valued strategic partner and provided the resources to build our organization to support rapid growth and acquisitions. Their knowledge of our industry and network have helped Adaptas refine and execute its growth strategy. IMI will allow Adaptas to expand the breadth of our product offerings as we continue to develop innovative products and services for our customers," Jay Ray, Adaptas CEO.