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Charlotte, N.C.-based private equity firm Falfurrias Capital Partners has acquired Norcross, Ga.-based smart grid automation solutions provider Efacec ACS Inc. from the Efacec Group for undisclosed terms.

Efacec will change its name to Advanced Control Systems Inc. (ACS) and will operate as an independent portfolio company of the North American T&D Group (NATDG).

"ACS will continue to deliver and support its entire portfolio of existing products, and NATDG is committed to providing the resources to keep ACS on its path of growth and innovation to serve an expanding worldwide customer base," says David Pacyna, CEO of NATDG.

ACS notes that its existing management team will remain in place, and the company will operate as a stand-alone entity. In addition, the ACS headquarters will stay at its present location in Norcross.

As a result of the acquisition, ACS will launch a new website and brand identity this year, the company adds.

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