KPS Capital-backed Lufkin Industries completed the acquisition of US Rod and Patriot Pump.

KPS Capital-backed Lufkin Industries, a manufacturing company, completed the acquisition of US Rod and Patriot Pump, a manufacturer and provider of artificial lift products. Financial terms were not disclosed. "We are very pleased to acquire and integrate US Rod and Patriot Pump into Lufkin. These acquisitions strengthen Lufkin's portfolio of superior products and services and expand our outstanding, highly-experienced teams. In partnership with KPS and its substantial capital and resources, we look forward to continuing to grow the Lufkin platform in service of our customers," Saeid Rahimian, Lufkin CEO.