Blackford Capital has announced it has acquired PACIV.
PACIV, with its U.S. headquarters in Indianapolis, is a provider of industrial process automation and systems integration. Founded in 1997, the company primarily support manufacturers in the pharmaceutical and life sciences industries.
Blackford, based in Grand Rapids, Mich., is a lower middle market private equity firm. Founded in 2010, the firm focuses on the manufacturing, industrial and distribution industries.
Terms of the acquisition were not disclosed.