PACIV, a San Juan, Puerto Rico-based full-service provider of industrial automation solutions, received an investment from HCAP Partners.
The transaction is part of a co-investment with Blackford Capital, who announced their acquisition of PACIV earlier this month. Terms of the investment were not disclosed.
The capital will support the company’s expansion plans, accelerating growth and enhance its service offerings.
Led by Rick Straw, President, PACIV provides control systems, instrumentation, and regulatory compliance services to the biotechnology, pharmaceutical, medical device, water / wastewater, food and beverage, energy, and other process industries.
Founded in 1997, the company is the largest systems integrator in Puerto Rico and one of the largest in the Midwest, with 120 employees across its three offices.
FinSMEs
06/07/2023