Industrial Services Acquisitions in 2012

ProMach, a provider of integrated packaging and processing solutions, has acquired KLEENLine Corporation, a Newburyport, Massachusetts-based designer and manufacturer of sanitary product handling equipment, robotics, vision systems, and systems engineering services. KLEENLine's team — including founder Jim Laverdiere — will remain with ProMach and operate out of the Newburyport facility as part of ProMach's Material Handling Business Unit to expand ProMach's sanitary production and material-handling capabilities.

ZS Fund L.P., a New York-based private equity firm, completed a management-led equity recapitalization by purchasing an ownership interest in Smith-Cooper International, Inc. and Flo-Rite Products Company LLC. The transaction provided partial liquidity to the company's owners, equity participation for management, and additional capital to support future expansion.

CI Capital Partners has acquired Material Handling Services, LLC (d/b/a Total Fleet Solutions), a Holland, Ohio-based provider of outsourced fleet management, maintenance and procurement services for material handling equipment, from Southfield Capital Advisors. Total Fleet Solutions, founded in 2001, focuses on recurring fleet-management contracts for large manufacturing and distribution customers; Southfield had owned a majority stake since 2005.

Noverra Group of Companies acquired Brighter Mechanical in the summer of 2012 from owners Bob Vincent and Ted McDowell. The deal provided an owner transition and succession solution while adding a leading British Columbia re-piping and mechanical contracting business to Noverra's industrial services platform.