Announced
Completed
Financials
Tags
holding company
Machinery: Industrial
United States
automation
machinery
factory equipment
manufacturing
Completed
Domestic
Disposal
Private Equity
Friendly
Private
Acquisition
Single Bidder
Majority
Synopsis
Genstar Capital, a private equity firm, completed the acquisition of Abracon, an industrial machines manufacturer, from The Riverside Company, a private equity firm. Financial terms were not disclosed. “Riverside was a great investment partner that worked alongside us to significantly expand the platform while investing in our management team and infrastructure to position us for long-term growth,” Michael Calabria, Abracon CEO.
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