Industrial Growth Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Industrial Growth Partners has acquired 8 companies.

Industrial Growth Partners’ most common sectors for investment areelectrical equipment (15%) and machinery (15%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (50%) and secondary buyout (45%). In total, Industrial Growth Partners has invested in 22 US states and 2 different countries.

In the last 3 years, Industrial Growth Partners has exited 7 companies. The Firm’s most common exit type is secondary buyout (56%). Industrial Growth Partners’ largest (disclosed) exit occurred in 2011 when it sold Seaboard International for $675M.

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M&A Summary

  • M&A Total Activity66
    • M&A Buy Activity39
    • M&A Sell Activity27
  • Total Sectors Invested 16
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 11
  • M&A Advisors 6

Industrial Growth Partners

101 Mission Street, Suite 1500,
San Francisco, California 94105
United States
(415) 882-4550
www.igpequity.com
rma@igpequity.com

Industrial Growth Partners (IGP) is a private equity firm that invests in privately held, lower middle-market manufacturing and manufacturing services companies. Specific areas of interest include industrial components and equipment, electrical and electronic equipment, process instrumentation and controls, analytical instruments and measuring devices, filtration and pumps, specialty chemicals, plastics, and healthcare/safety equipment. Prospective transaction situations include management buyouts, leveraged buyouts, corporate divestitures, recapitalizations, management buy-ins, and growth capital financings. Target companies typically are profitable and have annual revenues up to $250 million. IGP was formed in 1997 and is based in San Francisco, California.


Investment Criteria

Sectors of Interest: Aerospace, Apparel/Textiles, Automotive, Business Services, Chemicals, Defense, Electrical Equipment, Electronics, Energy Services and Equipment, Healthcare Services, Machinery, Manufacturing, Marketing, Medical Products, Metals/Mining, Packaging, Plastics, Technology Hardware, Test/Measurement Equipment

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue - 250
Target EBITDA - -
Investment Size - -
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (2.0/yr) # 29 2 2 2 1 3 39
Sell (1.6/yr) # 19 1 3 1 1 2 27
vol $1.9B $420M $2.3B
  66

Most Recent M&A

Company Date Value Type
APCT, Inc. 2021-10-05 - Secondary Buyout
Santa Clara, California · www.apct.com
AEM Components (USA), Inc. 2021-09-14 - Buyout (LBO, MBO, MBI)
San Diego, California · www.aemcomponents.com
AEM, Inc. 2021-09-13 - Buyout (LBO, MBO, MBI)
San Diego, California · www.aem-usa.com
North American Substation Services LLC 2021-04-21 - Secondary Buyout
Alamonte Springs, Florida · www.northamericansubstationservices.com
Electric Power Systems International, Inc. 2021-04-21 - Secondary Buyout
Maryland Heights, Missouri · www.epsii.com
Hydromax USA LLC 2020-12-30 - Secondary Buyout
Evansville, Indiana · www.hydromaxusa.com
Integrated Global Services, Inc. 2020-02-04 - Secondary Buyout
Richmond, Virginia · www.integratedglobal.com
ASPEQ Heating Group LLC 2019-11-12 - Secondary Buyout
St. Louis, Mississippi · www.aspeqheating.com
Integrated Polymer Solutions, Inc. 2019-07-15 - Secondary Buyout
Long Beach, California · www.integratedpolymersolutions.com
Redco Group 2019-01-01 - Buyout (LBO, MBO, MBI)
Edmonton, Alberta · www.redcogroup.ca
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
ASPEQ Heating Group LLC 2019-11-12 Spectrum, Inc. 2021-02-18 1
St. Louis, Mississippi · www.aspeqheating.com Rancho Dominguez, California · www.spectrumlabs.com
Southern Petroleum Laboratories, Inc. 2016-09-30 Banded Iron Group - Laboratory & Measurement Service Business 2019-11-25 4
Houston, Texas · www.spl-inc.com Calgary, Alberta
Southern Petroleum Laboratories, Inc. 2016-09-30 Atchafalaya Measurement, Inc. 2019-01-28 3
Houston, Texas · www.spl-inc.com Scott, Louisiana · www.atchafalayameasurement.com

M&A by Sector

Sector Current # Value All-time # Value
Electrical Equipment 2 (18%) - 6 (15%) -
Machinery 3 (27%) - 6 (15%) -
Plastics - - 4 (10%) -
Business Services 1 (9%) - 3 (8%) -
Manufacturing 1 (9%) - 3 (8%) -
Test/Measurement Equipment - - 3 (8%) -
Aerospace - - 2 (5%) -
Automotive 1 (9%) - 2 (5%) -
Chemicals - - 2 (5%) -
Metals/Mining - - 2 (5%) -
Semiconductors 2 (18%) - 2 (5%) -
Apparel/Textiles - - 1 (3%) -
Energy Services and Equipment - - 1 (3%) -
Information Technology 1 (9%) - 1 (3%) -
Marine - - 1 (3%) -
Marketing - - 1 (3%) -
Total 11 - 40 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 10 (91%) - 39 (98%) -
  California 3 (27%) - 9 (23%) -
  Ohio - - 4 (10%) -
  Tennessee 1 (9%) - 3 (8%) -
  Missouri - - 3 (8%) -
  Texas 1 (9%) - 2 (5%) -
  Illinois 1 (9%) - 2 (5%) -
  Oregon 1 (9%) - 1 (3%) -
  Mississippi 1 (9%) - 1 (3%) -
  Michigan 1 (9%) - 1 (3%) -
  Indiana 1 (9%) - 1 (3%) -
  Wisconsin - - 1 (3%) -
  Washington - - 1 (3%) -
  Virginia - - 1 (3%) -
  South Carolina - - 1 (3%) -
  Pennsylvania - - 1 (3%) -
  North Carolina - - 1 (3%) -
  New York - - 1 (3%) -
  Maryland - - 1 (3%) -
  Louisiana - - 1 (3%) -
  Florida - - 1 (3%) -
  Arkansas - - 1 (3%) -
  Arizona - - 1 (3%) -
Canada 1 (9%) - 1 (3%) -
  Alberta 1 (9%) - 1 (3%) -
Domestic 10 (91%) - 39 (98%) -
Cross-border 1 (9%) - 1 (3%) -
Total 11 - 40 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 4 (36%) - 20 (50%) -
Secondary Buyout 7 (64%) - 18 (45%) -
Recapitalization - - 2 (5%) -
Total 11 - 40 -

Exits by Deal Type

Type Total # Value
Secondary Sale 15 (56%) 212M (9%)
Trade Sale - Public Company 10 (37%) 2.1B (91%)
Stake Sale 1 (4%) -
Trade Sale 1 (4%) -
Total 27 $2.3B

Top M&A Advisors

Financial Deals
Lincoln International
3
Stifel, Nicolaus & Co., Inc.
2
William Blair & Co. LLC
2
Legal Deals
Jones Day
5
Kirkland & Ellis LLP
3

Deal Values

sell # Total
$100M to $1B 8 $2.2B
< $100M 1 $76M
TOTAL $2.3B
Largest Seaboard International, Inc.
$675M (2011-11-23)

M&A Connections

Deals
Acquired from
Investor(s)
48%
19 (48%)
Exited to
Investor(s)
59%
16 (59%)
Strategic(s)
37%
10 (37%)

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