Industrial Growth Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Industrial Growth Partners has acquired 5 companies.

Industrial Growth Partners’ most common sectors for investment are machinery (18%) and electrical equipment (15%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (49%) and secondary buyout (46%). In total, Industrial Growth Partners has invested in 21 US states.

In the last 3 years, Industrial Growth Partners has exited 6 companies. The Firm’s most common exit type is secondary buyout (52%). 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 Activity59
    • M&A Buy Activity34
    • M&A Sell Activity25
  • Total Sectors Invested 14
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 10
  • M&A Advisors 4

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 ≤ '15 '16 '17 '18 '19 '20 T
Buy (1.4/yr) # 27 2 2 2 1 - 34
Sell (1.4/yr) # 18 1 1 3 1 1 25
vol $1.7B $210M $420M $2.3B
  59

Most Recent M&A

Company Date Value Type
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
Electric Power Systems International, Inc. 2018-11-13 - Buyout (LBO, MBO, MBI)
St. Louis, Missouri · www.epsii.com
Brown Machine Group Holdings LLC 2018-10-09 - Secondary Buyout
Beaverton, Michigan · www.brownmachinegroup.com
Grakon LLC 2018-08-20 420M USD Add-on Acquisition
Seattle, Washington · www.grakon.com
IOTA Engineering LLC 2018-05-01 - Add-on Acquisition
Tucson, Arizona · www.iotaengineering.com
FMH Aerospace Corp. 2018-02-01 - Add-on Acquisition
Irvine, California · www.fmhaerospace.com
Ideal Clamp Products, Inc. 2017-08-01 - Secondary Buyout
Smyrna, Tennessee · www.idealtridon.com
Royal Die & Stamping Co. Inc. 2017-05-03 - Buyout (LBO, MBO, MBI)
Carol Stream, Illinois · www.royaldie.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Brown Machine Group Holdings LLC 2018-10-09 Axatronics LLC 2020-06-02 1
Beaverton, Michigan · www.brownmachinegroup.com Loveland, Ohio · www.axatronics.com
Southern Petroleum Laboratories, Inc. (SPL, Inc.) 2016-09-30 Banded Iron Group - Laboratory & Measurement Service Business 2019-11-25 3
Houston, Texas · www.spl-inc.com Calgary, Alberta
Southern Petroleum Laboratories, Inc. (SPL, Inc.) 2016-09-30 Atchafalaya Measurement, Inc. 2019-01-28 2
Houston, Texas · www.spl-inc.com Scott, Louisiana · www.atchafalayameasurement.com
Royal Die & Stamping Co. Inc. 2017-05-03 Horizon Die Co. 2018-07-16 1
Carol Stream, Illinois · www.royaldie.com East Dundee, Illinois · www.horizondie.com
Des-Case Corp. 2016-07-06 RMF Systems 2018-03-28 1
Goodlettsville, Tennessee · www.descase.com Waddinxveen, Netherlands · www.rmfsystems.com
Southern Petroleum Laboratories, Inc. (SPL, Inc.) 2016-09-30 American Measurement Services LLC 2017-09-12 1
Houston, Texas · www.spl-inc.com Meno, Oklahoma · www.americanmeasurement.com
North American Substation Services LLC 2015-01-08 Nomos Systems, Inc. 2016-12-14 1
Alamonte Springs, Florida · www.northamericansubstationservices.com Zürich, Switzerland · www.nomossystemes.com
Climax Portable Machining & Welding Systems, Inc. 2013-09-06 H&S Tool, Inc. 2015-11-03 2
Newberg, Oregon · www.climaxportable.com Wadsworth, Ohio · www.hstool.com
Climax Portable Machining & Welding Systems, Inc. 2013-09-06 Calder Testers, Inc. 2013-09-16 1
Newberg, Oregon · www.climaxportable.com Houston, Texas · www.caldertesters.com

M&A by Sector

Sector Current # Value All-time # Value
Machinery 3 (30%) - 6 (17%) -
Electrical Equipment 1 (10%) - 5 (14%) -
Plastics 1 (10%) - 4 (11%) -
Test/Measurement Equipment - - 3 (9%) -
Aerospace - - 2 (6%) -
Automotive 1 (10%) - 2 (6%) -
Chemicals - - 2 (6%) -
Energy Services and Equipment 1 (10%) - 2 (6%) -
Engineering 2 (20%) - 2 (6%) -
Manufacturing 1 (10%) - 2 (6%) -
Metals/Mining - - 2 (6%) -
Apparel/Textiles - - 1 (3%) -
Marine - - 1 (3%) -
Marketing - - 1 (3%) -
Total 10 - 35 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 10 (100%) - 35 (100%) -
  California 2 (20%) - 6 (17%) -
  Ohio - - 4 (11%) -
  Tennessee 1 (10%) - 3 (9%) -
  Missouri 1 (10%) - 3 (9%) -
  Texas 1 (10%) - 2 (6%) -
  Illinois 1 (10%) - 2 (6%) -
  Oregon 1 (10%) - 1 (3%) -
  Mississippi 1 (10%) - 1 (3%) -
  Michigan 1 (10%) - 1 (3%) -
  Florida 1 (10%) - 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%) -
  Arkansas - - 1 (3%) -
  Arizona - - 1 (3%) -
Total 10 - 35 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 4 (40%) - 17 (49%) -
Secondary Buyout 6 (60%) - 16 (46%) -
Recapitalization - - 2 (6%) -
Total 10 - 35 -

Exits by Deal Type

Type Total # Value
Secondary Sale 13 (52%) 212M (9%)
Trade Sale - Public Company 10 (40%) 2.1B (91%)
Stake Sale 1 (4%) -
Trade Sale 1 (4%) -
Total 25 $2.3B

Top M&A Advisors

Financial Deals
Lincoln International
3
Fidus Partners LLC
1
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
PE Firm(s)
100%
27 100%
Exited to
PE Firm(s)
66%
19 66%
Strategic(s)
34%
10 34%

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