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HCI Equity Partners acquires JGB Enterprises

Private equity firm HCI Equity Partners bought Liverpool, N.Y.-based JGB Enterprises Inc. for an undisclosed amount.

The acquired company specializes in industrial and hydraulic hoses and hose accessories and serves more than 4,000 customers per year. It supplies its products to various end-markets, including the oil and gas, agriculture, mining, construction, marine, chemical, food and commercial sectors, as well as government agencies.

Washington, D.C.-based HCI, which also has offices in Minneapolis and Chicago, invests in lower-middle-market industrial product and service companies.