Blackford Capital to acquire PACIV.

Blackford Capital, a lower middle market private equity firm, agreed to acquire PACIV, an industrial process automation company. Financial terms were not disclosed. “We’re thrilled to be working with Rick, Mácar and the rest of the PACIV team to launch this new platform in the fast-growing manufacturing automation sector. With the rising demand for industrial automation expertise across a variety of industries, we believe PACIV will provide a solid foundation for our new Industrial Automation platform, and that we will have many opportunities to expand within biotechnology, pharmaceutical, medical device, and other industries demanding process automation services,” Martin Stein, Blackford Capital Founder and Managing Director.