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KKR to back new vehicle for industrial company acquisitions

Private equity firm KKR & Co Inc told Reuters on Tuesday it will invest up to $250 million in a new company led by industrial sector veterans to acquire and build businesses, with a focus on the testing, inspection and certification sectors. Andrew Silvernail, a former chief executive of pump manufacturer IDEX Corp, will serve as chairman of the new venture, while Amit Agarwal, a former Thermo Fisher Scientic Inc vice president, will serve as its chief executive. The

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