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Industrial/Manufacturing

Industrial Flow Solutions, a portfolio company of May River Capital, has acquired Monroe, Connecticut-based Stancor LP, a provider of solutions based on integrated pump and control systems and Old Saybrook, Connecticut-based BJM Pumps, a maker of pumps used in industrial and municipal dewatering and wastewater applications. The sellers include Longview Asset Management and Knox Capital. No financial terms were disclosed.
OpenGate has agreed to acquire SMAC, a French manufacturer of waterproofing and building envelope solutions, from Colas Group. No financial terms were disclosed.
Mason Wells has sold Roselle, Illinois-based Aquion Inc, a maker of water treatment equipment and water quality solutions, to Pentair plc. The value of the deal was $160 million. Robert W. Baird advised Aquion while Quarles & Brady provided legal counsel.
CenterGate Capital has made an investment in Lakeland, Florida-based Mid-State Industrial Maintenance, a provider of on-site and off-site industrial maintenance and service solutions. No financial terms were disclosed.
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.
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