Private equity firm the Halifax Group has invested an undisclosed amount in Pirtek Europe Holdings.
Pirtek, headquartered in Acton, England, provides emergency hydraulic hose-replacement services to the manufacturing, materials-handling, agriculture, transportation, construction, marine, mining and defense industries. The company provides fluid transfer and on-site hose replacement services for equipment. Pirtek operates more than 170 centers across Europe, plus 640 mobile workshops.
The sale marks an exit for Vision Capital, a London-based private equity firm that invested in Pirtek eight years ago. Vision Capital also has a New York office.
Washington, D.C.-based Halifax focuses makes lower middle-market investments in the health, infrastructure, business services and franchising sectors. In March, the firm sold Aptiv Solutions, a developer of clinical trials for the pharmaceutical industry, to Icon plc for about $144 million.