The London-listed private equity fund that invests in high-quality US, European and Latin American cap companies, JZ Capital Partners, has acquired Midwest Valves Parts alongside The Edgewater Funds as a bolt-on to Industrial Services Solutions’ existing Specialty Products Group.
The deal marks the acquisition made into Specialty Products Group, following those of Worthington Compressors and Parts Service International. In a statement, the private equity fund said that Midwest Valve Parts supplies replacement parts for valves, actuators and related equipment to valve remanufacturers. The acquired company also supplies to direct to end-users in oilfield services, power generation, mining and process industries such as refineries, chemical plants and pharmaceutical companies.
“MVP is an excellent addition to our Industrial Services platform. Together with the management team, we look forward to integrating MVP into our Specialty Products Group and helping to further grow this already strong asset,” David Zalaznick, JZ’s founder and investment advisor, said in a statement.