EagleTree Capital Acquires Flow Control Technologies Provider Andronaco Industries.
MANews-(C)2009-2022
US-based middle-market private equity firm EagleTree Capital on behalf of its private equity fund EagleTree Partners V, has acquired US-based flow control products Andronaco Industries, the company said.
Terms of the transaction were not disclosed.
Andronaco manufactures pipes, valves, hoses, pumps, and other flow control products for applications that require corrosion resistant properties for end customers in chemical, utilities, water and wastewater, energy, and other diversified industrial end markets.
The company serves a diverse base of over 2,500 customers, primarily through its high-quality, global network of distribution partner relationships.
Andronaco's management team will remain unchanged, with Andronaco continuing to lead the company as CEO, remaining as a shareholder, and serving as a board member.
Headquartered in Kentwood, Michigan, Andronaco operates nine global locations in Michigan, Texas, Louisiana, and France.
EagleTree Capital is a New York-based middle-market...
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