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Grundfos has finalized its acquisition of Newterra, a US water and wastewater treatment solutions company, from private equity firm Frontenac.
Motion & Control Enterprises (MCE) acquired General Machinery Company, Inc., a Birmingham, Alabama distributor of automation and electrical products, process pumps and compressed air products. GMC will keep its name and operate under its existing leadership.
Motion & Control Enterprises, a Frontenac portfolio company, acquired Diversified Air Systems, an Ohio air compressor distributor, and Swanson Flo, a Minnesota process instrumentation distributor. LBC Credit Partners agented a senior secured credit facility to support the deals. The article is dated 22 February 2021.
MCE, a fluid power and lubrication supplier based in Zelienople, Pennsylvania, acquired Swanson Flo, a regional distributor of process instrumentation and flow control valves based in Plymouth, Minnesota, with 92 employees.
