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Renovo Capital buys gauge and sensor manufacturer

Private equity fund Renovo Capital LLC purchased Dallas-based Rochester Gauges LLC, which manufactures gauges and sensors that measure liquid levels, from Gas Equipment Co. Inc.

Financial terms of the deal were not made public.

Renovo Capital, which has offices in Dallas and Denver, concurrently partnered with industry executive and operating partner Frank Guidone to set up a new platform investment in the sensor and measurement sector.