MML Capital Partners (“MML”) has exited its investment in PaR Systems, Inc., (“PaR”) through a sale of the company to the Minneapolis-based Pohlad family.
PaR Systems Inc., the custom engineered systems company providing automation solutions for critical applications, today announced it has acquired OakRiver Technology Inc., a leading provider of complex, highly engineered automated equipment platforms for medical device and high tech industrial clients.
PaR Systems Inc. announces the purchase of Marine Systems Technology Ltd., a leading expert in lightweight composites, fire protection and composite engineering, and affiliated company MST Engineering Ltd., designers and manufacturers of marine doors, panels, hatches, scuttles, and other products.
MML Capital Partners (“MML”) announces today that it has acquired PaR Systems, Inc. (“PaR” or the “Company”), a portfolio company of American Capital, Ltd. (NASDAQ: ACAS) for an undisclosed amount. PaR’s management team co-invested in the acquisition with senior financing led by M&I Marshall & Ilsley Bank.