Arcane Capital Partners completed the acquisition of a majority stake in Petroflex North America from Transition Capital Partners.

Arcane Capital Partners, a privately held investment firm, completed the acquisition of a majority stake in Petroflex North America, a plastic fabrication company, from Transition Capital Partners, a private equity firm. Financial terms were not disclosed. Petroflex manufactures superior quality, continuous length HDPE (High Density Polyethylene) conduit and accessories for the Electric Utility, Renewables (Wind & Solar), Irrigation, Telecommunications and Data/Voice industries.