An affiliate of Peak Rock Capital will acquire HuFriedyGroup, according to a news release.

The transaction is valued at $787.5 million, according to industry reports.

HuFriedyGroup is the dental segment of STERIS. Founded in 1908 and based in Chicago, HuFriedyGroup is a manufacturer of instruments, infection prevention products, instrument management systems and conscious sedation products for the dental industry. Its brands include Hu-Friedy, Crosstex, Omnia, and Accutron.

Peak Rock, based in Austin, Texas, is middle market private equity firm that makes equity and debt investments. The firm targets companies in healthcare and a few other industries operating in North America and Europe. Founded in 2012, Peak Rock seeks to invest $30 million to $500 million in companies with enterprise values of $50 million to $1.5 billion.