HCAP Partners, a California-based private equity firm, has made an investment in PACIV, a provider of industrial automation services.
PACIV is a provider of instrumentation, control systems, and regulatory compliance services to manufacturers in the biotechnology, pharmaceutical, medical device, and related industries. The transaction is part of a co-investment with Blackford Capital, which earlier announced its acquisition of PACIV. The investment will support PACIV’s expansion plans, working to help the company drive its growth and improve its service offerings.
“With HCAP and Blackford’s support, we will strengthen our capabilities, broaden our service portfolio, and better serve our clients,” states Rick Straw, president, PACIV.