Blackford Capital, a lower-middle-market private equity firm, has acquired PACIV, which is focused on industrial automation services.
PACIV is a provider of industrial process automation and systems integration primarily for manufacturers in the pharmaceutical and life sciences industries. The company was founded in 1997 and operates offices in San Juan, Puerto Rico, Indianapolis, Ind. and Cork, Ireland. The PACIV management team, led by president Rick Straw and chief financial officer Mácar Garrote, will remain with the company following the acquisition.
“I am confident our partnership with Blackford Capital will give us the opportunity to bring in additional operational talent, enhance our client experience, expand our services, provide new and exciting opportunities for our existing associates, and ultimately further accelerate our growth,” says Straw.