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Amberjack Capital Partners completed its acquisition of PMV Automation, a valve positioner and automation products maker, from Flowserve, with industry veterans Joseph Jobe and Micah Floyd leading the company post-closing.
Flowserve has signed a deal to sell its PMV valve positioner and switchbox product line, the Solna, Sweden engineering centre and associated Automax, Worcester and Accord assets to Houston-based Amberjack Capital Partners. The deal is expected to close in Q3 and 18 employees will transfer.