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Private equity firm to acquire Davis-Standard

Gamut Capital Management, LP, a New York-based middle-market private equity firm, has announced that it has signed a definitive agreement to acquire Davis-Standard, LLC and its affiliates from ONCAP, another middle-market private equity platform.

Davis-Standard supplies extrusion and converting systems, and related aftermarket products and services, for the rigid packaging, flexible packaging and infrastructure end-markets.

We are excited to partner with the Gamut team during this next phase of Davis-Standard's long history as a provider of highly engineered solutions to an extensive base of industry-leading customers, said Jim Murphy, CEO of Davis-Standard. The resources Gamut brings to this investment will enable us to not only accelerate growth within our markets but also transform Davis-Standard into a leading, value-added global process solutions business. We achieved great growth and performance under ONCAP's successful ownership and look forward to leveraging the strong foundation we built as we move into our next phase of growth.

Financial terms of the transaction were not disclosed. The transaction, subject to customary closing conditions, was expected to close in the fourth quarter of 2021.