Chase Capital Partners, the private equity arm of Chase Manhattan Corp., has made two investments totaling $60 million.

The partnership invested $30 million of preferred stock in AT Holding Corp., the parent company of Argo-Tech Corp., a Cleveland maker of fuel- flow devices for aerospace companies. Argo-Tech plans to use the capital, along with $55 million of senior subordinated notes underwritten by Chase Securities Inc., to repurchase stock from its largest shareholder.

Chase Capital also invested $30 million in senior subordinated notes and warrants in Martin Resource Management, a Texas contractor to the hydrocarbon industry. Martin also secured new credit facilities from Chase Texas, CIT, and Fleet Financial Group. Martin used the capital to finance the acquisition of Midstream Fuel Service Inc. and refinance debt.

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