Blackford Capital, a leading lower middle market private equity firm, announced Jan. 27 the acquisition of Ace Controls, a Houston-based company that designs and builds industrial control panels. This acquisition diversifies Blackford’s Industrial Automation Platform, PACIV. Terms of the transaction were not disclosed.
Ace Controls is the third acquisition for the PACIV platform since its establishment in June 2023, following its add-on acquisitions of Data Science Automation in January 2024, and Eight12 Automation in May 2024.
Ace Controls President Agmed Aguirre founded the company in 2005 to serve the water and wastewater industries by building and distributing high-quality wholesale control panels. Agmed’s wife Lindsey Aguirre joined the business in 2006, for administration and bookkeeping. The management team and all employees will remain with the PACIV platform.
The platform is headquartered in San Juan, P.R., with offices in Indiana, Pennsylvania, California, Ireland, and Texas.
Generational Group served as financial advisor and Lancaster; Helling served as legal advisor to Ace Controls. Varnum LLP served as legal advisor and RSM US LLP served as the financial and tax advisor to Blackford and PACIV. Mercantile Bank provided debt financing, and Rush Street Capital provided financing advisory services.
Ace Controls is the third acquisition for the PACIV platform since its establishment in June 2023, following its add-on acquisitions of Data Science Automation in January 2024, and Eight12 Automation in May 2024.
Ace Controls President Agmed Aguirre founded the company in 2005 to serve the water and wastewater industries by building and distributing high-quality wholesale control panels. Agmed’s wife Lindsey Aguirre joined the business in 2006, for administration and bookkeeping. The management team and all employees will remain with the PACIV platform.
The platform is headquartered in San Juan, P.R., with offices in Indiana, Pennsylvania, California, Ireland, and Texas.
Generational Group served as financial advisor and Lancaster; Helling served as legal advisor to Ace Controls. Varnum LLP served as legal advisor and RSM US LLP served as the financial and tax advisor to Blackford and PACIV. Mercantile Bank provided debt financing, and Rush Street Capital provided financing advisory services.
