Kohlberg takes majority stake in Black Bay-backed Advanced Industrial Devices

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Private equity firm Kohlberg is taking a majority stake in Advanced Industrial Devices, which is backed by Black Bay. The Tulsa-based company makes motor-control, power-distribution, and automation systems for data centers and water and power infrastructure.

Based in Tulsa, Advanced Industrial Devices makes systems that control motor speed, distribute power and automate operations for data center, water and power infrastructure customers. The post Kohlberg takes majority stake in Black Bay-backed Advanced Industrial Devices appeared first on PE Hub.