Private equity firm High Road Capital Partners has wrapped up the acquisition for Accurate Components Sales Inc. days after selling a portfolio company to Nuance Communications Inc.
New Brighton, Minn.-based Accurate distributes industrial fasteners, hardware and components to manufacturers in the upper Midwest.
This is the ninth acquisition for High Road Capital Partners Fund I LP, the PE firm’s first fund. The company has also completed 10 add-on acquisitions from the fund.
U.S. Bank and Northstar Capital provided financing for the transaction. Terms weren’t disclosed.
The private equity firm on Dec. 4 sold Accentus to Nuance Communications Inc.