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

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...

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