Arcline Investment Management Acquires Pride Engineering from May River Capital
August 12, 2019
Arcline Investment Management, a growth-oriented private equity firm, has acquired Pride Engineering, a Minneapolis-based manufacturer of precision tooling and equipment for the aluminum beverage packaging industry, from May River Capital. Arcline intends to use Pride as the first asset in a specialty tooling platform and to invest in the company’s engineering, technology capabilities and rollout of its SYNAPSE IoT solution.
- Buyers
- Arcline Investment Management
- Targets
- Pride Engineering, LLC
- Sellers
- May River Capital, LLC
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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