Black Bay Energy Capital Acquires Majority Stake in Advanced Industrial Devices from Rock Island Capital
May 17, 2022
Black Bay Energy Capital, a private equity firm focused on the North American energy sector, has acquired a majority interest in Advanced Industrial Devices (AID) from Rock Island Capital. The investment will support AID's growth by expanding its manufacturing, engineering and service capabilities to meet rising demand for electric motors and variable frequency drive (VFD) control systems across oil & gas and industrial end markets.
- Buyers
- Black Bay Energy Capital
- Targets
- Advanced Industrial Devices
- Sellers
- Rock Island Capital
- Industry
- Manufacturing
- Location
- Oklahoma, United States
- Transaction Type
- Buyout
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