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Capitala Group invests in Peterson Manufacturing

Lower-middle-market private equity firm Capitala Group injected growth capital into Peterson Manufacturing LLC. through its Growth Fund.

The Sarasota, Fla.-headquartered company manufactures custom deep-drawn stamping and conversion services for the automotive, appliance, plumbing and gauge markets.

Capitala Managing Director Adam Richeson and CEO Joe Alala III will join Peterson's board.

K&L Gates LLP was legal counsel to Capitala.