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Industrial/Manufacturing

Smart Care Equipment Solutions, a portfolio company of Audax Private Equity, has acquired Mid-South, a Goodlettsville, Tennessee based company offering commercial equipment maintenance and installation services, according to a company announcement. No financial terms were disclosed.
H.I.G. Capital has sold Caraustar Industries Inc to Greif Inc for $1.8 billion. Based in Austell, Georgia, Caraustar is a maker of recycled materials and paper products.
Avantor Inc, a manufacturer and distributor of products, services and solutions to professionals in the life sciences and advanced technology industries, has filed for an IPO. The number of shares that will be sold as well as the stock's pricing terms have yet to be disclosed. Avantor is a portfolio company of New Mountain Capital.
Twin Brook, Angelo Gordon's mid-market direct lending arm, has provided financing to support Highroad Capital Partners' recapitalization of York Wallcoverings, according to a source familiar with the transaction. No financial terms were disclosed. York Wallcoverings is a maker of wallpaper, borders, murals and wall decals.
Ingersoll-Rand plc has made an offer to acquire Precision Flow Systems from BC Partners Advisors LP and The Carlyle Group for $1.45 billion. PFS is a provider of fluid management systems. The proposed deal is expected to close in mid-2019.
Stellex Capital Management LP has made an investment in Odessa, Texas-based Cisco Equipment, a provider of equipment, services, parts and supplies to the midstream infrastructure, general construction, agriculture and general industrial markets. No financial terms were disclosed for the transaction that was done in partnership with Christopher J. Sibert.
One Rock Capital Partners agreed to buy the plastics distribution business of Nexeo Solutions Inc. The deal will follow Nexeo's pending acquisition by Univar Inc. The acquisition will create a standalone plastics distribution business.
DexKo Global, a portfolio company of KPS Capital Partners, has agreed to acquire Preston Chassis Industries Pty Ltd. No financial terms were disclosed. Based in Australia, PCI is a provider of chassis.
1 Priority Environmental Services, a portfolio company of O2 Investment Partners LLC, has closed a merger with Earth Services & Abatement Inc, a provider of environmental remediation and selective demolition services in the Rocky Mountain and Midwest regions. No financial terms were disclosed.
Airgas, a subsidiary of Air Liquide, has agreed to acquire Tech Air, a distributor of industrial gases and welding supplies serving various geographies in the U.S. No financial terms were disclosed. Tech Air is backed by CI Capital Partners.
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