American Industrial Partners to acquire Flow Intl.
Flow International Corp., Kent. Wash., a developer and manufacturer of industrial waterjet machines for cutting and cleaning applications, has entered into a definitive agreement to be acquired by American Industrial Partners (AIP), a middle-market private equity firm focused on North American-headquartered industrial businesses.
Under the terms of the merger agreement, AIP will acquire all of the outstanding shares of Flow common stock. The transaction, expected to close in early 2014, is subject to approvals and closing conditions.