ProMach completed the acquisition of American Holt and Pride Engineering from Arcline Investment Management.

ProMach, a processing and packaging solutions provider, completed the acquisition of American Holt, a technology-enabled provider of aftermarket replacement parts, and Pride Engineering, a machinery manufacturer, from Arcline Investment Management, a growth-oriented private equity firm. Financial terms were not disclosed. "We are excited to welcome the AmHolt team to ProMach. Their addition to our business continues the expansion of our product solutions portfolio, and it significantly expands our ability to serve our customers throughout the lifecycle of their equipment," Mark Anderson, ProMach President and CEO.