Gamut Capital Management, LP, a New York-based middle market private equity firm, has acquired Davis-Standard, LLC and its affiliates from ONCAP, the private equity platform of Onex.

Davis-Standard is a supplier of extrusion and converting systems and related aftermarket products and services for the rigid packaging, flexible packaging and infrastructure end-markets. The firm has an installed base of around $7.5 billion of equipment globally.

Davis-Standard is committed to providing engineering systems that are cost-effective, environmentally friends and offer a high return on investment.

“We are excited to partner with the Gamut team during this next phase of Davis-Standard’s long history as a provider of highly engineered solutions to an extensive base of industry-leading customers,” said Jim Murphy, Davis-Standard CEO.

“As a leading player in extrusion and converting technologies for the packaging and infrastructure sectors, Davis-Standard offers not only the opportunity to expand with customers in fast-growing end markets, but also to further extend its service offering to support its customers in the aftermarket,” added Jordan Zaken, founding partner at Gamut.