Manufacturing

PE-backed RapidAir acquires Alpha-Pure

RapidAir, which is backed by Pfingsten, has acquired Michigan City, Indiana-based Alpha-Pure, a distributor of branded and private label compressed air treatment and condensate management products.

HCI Equity-backed Tech24 adds-on RMS Mechanical Services

RMS, Tech24's seventh add-on, is a complementary acquisition to AIS Commercial Parts & Service, which Tech24 previously acquired.

Wynnchurch agrees to buy thermal coating business assets of Appvion Holding

Appvion provides specialty and high-performance direct thermal coatings for label and film services and renewable, fiber-based consumer and industrial packaging services.

H.I.G. acquires Time from Sterling

H.I.G. Capital has acquired Waco, Texas-based Time, a provider of vehicle-mounted aerial lifts.

Apollo and EQT explore sale of Direct ChassisLink: Bloomberg

Apollo Global Management and EQT is mulling the sale of Direct ChassisLink, a provider of chassis for marine and domestic containers, reported Bloomberg.

APG buys wrap supply company Fellers

American Pacific Group has acquired Fellers, a wrap supply company.

Industrial Opportunity Partners completes sale of Union Corrugating Co.

The sale represents IOP's eighth exit from its $275 million second fund.

DFW Capital leads American Track recap

Hilltop Private Capital invested in American Track in 2016, forming the company through the consolidation of two family businesses.

Industrial Opportunity Partners exits Aarrowcast

The divestiture represents IOP's seventh investment realization from its $275 million second fund.