PACIV – a leading full-service provider of industrial automation solutions – has received an investment from HCAP Partners, a California-based private equity firm. This deal is part of a co-investment with Blackford Capital, who announced their acquisition of PACIV earlier this month. The terms of the investment were not disclosed.
PACIV has established itself as a trusted partner in the process automation landscape as a one-source solution provider of instrumentation, control systems, and regulatory compliance services to manufacturers in the biotechnology, pharmaceutical, medical device, and related industries. And the funding will support PACIV’s expansion plans, enabling the company to accelerate its growth and enhance its service offerings.
KEY QUOTES:
“We are thrilled to partner with Blackford Capital, a firm known for its successful investment track record in lower middle market. We are committed to deploying capital in underserved markets that have the potential to generate job growth and economic impact. PACIV’s proven capabilities and deep industry knowledge make them an ideal candidate for investment, and we are excited to support their expansion efforts.”
— Frank Mora, Partner at HCAP Partners
“PACIV is pleased to have HCAP Partners and Blackford Capital as our strategic partners. This investment underscores the confidence in our ability to deliver top-notch automation solutions. With HCAP and Blackford’s support, we will strengthen our capabilities, broaden our service portfolio, and better serve our clients.”
— Rick Straw, President, PACIV
