Private equity firm Vance Street Capital LLC has acquired a majority interest in Micronics Inc.

Portsmouth, N.H.-based Micronics provides filtration products and filter presses used by the mining, chemical, wastewater, metals and food and beverage industries. The company also has locations in the U.K.

Vance Street, headquartered in Los Angeles, makes control investments in companies valued up to $200 million. The firm focuses mainly on the manufacturing, aerospace and defense, medical components and business services sectors. Vance Street has also invested in Leading Edge Aviation Services Inc. and Process Fab Inc.

The deal was funded with debt from FS Investment Corp. Paul Hastings LLP acted as Vance Street’s legal counsel.

For more on wastewater investment, see "Sandy Aftermath Creates Deal Opportunities," and "Xylem Takes Over U.K. Wastewater Service from Inflextion."

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