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Black Bay Energy Capital Acquires Advanced Industrial Devices from Rock Island Capital.

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MANews-(C)2009-2022

US-based private equity firm Black Bay Energy Capital has acquired a majority interest in US-based electric motor automation and control solutions provider Advanced Industrial Devices from Rock Island Capital, the firm said.

AID is a provider of electric motor automation and control solutions for oil and gas and industrial applications.

AID will continue to be headquartered in Tulsa, Oklahoma and led by Russell Claybrook, chief executive officer.

AID designs and sells custom variable frequency drive control systems that are utilized across a diverse set of applications within the oil and gas and industrial sectors.

The investment from Black Bay will help support AID's customer demand and expand the company's manufacturing, engineering and service capabilities to capitalize on the growing market for electric motors and VFDs.

AID's VFD solutions enable end users to reduce operating costs, improve asset runtimes, enhance automation and control capabilities, and lower carbon footprints.

Fishman Haygood acted as legal counsel to Black Bay. McDermott Will and Emery acted as legal counsel to AID and Rock Island. Chicago, IL based Old Second National Bank supported...

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