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Oaktree Capital Management funds agreed to acquire LPW Group Holdings, a designer and manufacturer of valves, actuators, fittings and flanges for chemical and energy markets. Terms were not disclosed.
LPW Group, a Wynnchurch Capital portfolio company, announced the acquisition of El Mar Ventures and its subsidiaries and Advanced Industrial Technologies. The Houston-based combined business makes specialty valves, pneumatic actuators and gears under the Ladish, Smith, AIT and Diamond Gear brands.