Genstar Capital, a middle market private equity firm, is selling Woods Equipment Company, a manufacturer of attachments for agricultural and construction applications and independent distributor of tractor parts. Blount International is paying $185 million for Woods Equipment. Replacement-parts maker Blount will finance the deal with cash-on-hand and borrowings under its revolving credit facility, adds The Wall Street Journal. The deal, which is likely to close in the third quarter, is subject to the expiration or termination of the Hart-Scott-Rodino Antitrust Act waiting period.
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