Private equity firm High Road Capital Partners has closed a deal for SMB Machinery Systems.
Ball Ground, Ga.-based SMB provides used packaging and processing equipment to the food and beverage industries. Terms of the deal were not disclosed.
High Road plans to grow the company and expects to capitalize on the popularity of specialty beverages in the U.S. and emerging markets. The deal closed Oct. 18.
High Road, headquartered in New York, manages $450 million of committed capital. The firm focuses on companies with Ebitda between $3 million and $10 million.
U.S. Bank and Babson Capital Management provided financing for the deal. Babson also invested equity alongside High Road. BB&T Capital Markets provided financial advice.