M&A Deal Summary

Arcline Investment Management Acquires Integrated Polymer Solutions

On July 15, 2019, private equity firm Arcline Investment Management acquired manufacturer Integrated Polymer Solutions from Industrial Growth Partners

Acquisition Highlights
  • This is Arcline Investment Management’s 1st transaction in the Manufacturing sector.
  • This is Arcline Investment Management’s 2nd transaction in the United States.
  • This is Arcline Investment Management’s 1st transaction in California.

M&A Deal Summary
Date 2019-07-15
Target Integrated Polymer Solutions
Sector Manufacturing
Buyer(s) Arcline Investment Management
Sellers(s) Industrial Growth Partners
Deal Type Secondary Buyout

Target

Integrated Polymer Solutions

Long Beach, California, United States
Integrated Polymer Solutions is a manufacturer of custom, highly-engineered elastomeric components, such as seals, gaskets, and tooling for composite manufacturing, for the aerospace, military, biopharma, and specialty industrial end markets. Integrated Polymer Solutions was founded in 1985 and is based in Long Beach, California.

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Buyer(S) 1

Buyer

Arcline Investment Management

Investor Investor

Category Private Equity Firm
Founded 2018
PE ASSETS 8.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Arcline Investment Management is a private equity firm that seeks to invest in niche, market-leading companies. Arcline is a generalist investor, however the Firm prefers businesses in the industrials, technology, life science, and chemicals sectors. The Firm targets businesses with $10 to $100 million of EBITDA and valued up to $1 billion. Arcline was formed in 2018 and has offices in New York City and San Francisco.

DEAL STATS #
Overall 2 of 27
Sector (Manufacturing) 1 of 4
Type (Secondary Buyout) 1 of 6
State (California) 1 of 2
Country (United States) 2 of 23
Year (2019) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 MMT

Charlotte, North Carolina, United States

MMT is a vertically integrated business serving the medical device manufacturing industry and beyond. MMT offers process development, applications and equipment, technical solutions, and aftermarket support. MMT is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 Cooper Machinery Services

Houston, Texas, United States

Cooper Machinery Services is an OEM and aftermarket solutions provider of machinery that transports natural gas. Cooper supplies parts and aftermarket services to a large installed base of highly respected brands. The company's brands include Cooper-Bessemer, Ajax, Superior, Gemini, Enterprise, TSI, CSI, TXC, and Joy. Cooper Machinery Services was founded in 1833 and is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Industrial Growth Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 3.4B USD
Size Large
Type Sector Focused
DESCRIPTION

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.

DEAL STATS #
Overall 24 of 34
Sector (Manufacturing) 3 of 4
Type (Secondary Buyout) 12 of 14
State (California) 3 of 3
Country (United States) 24 of 33
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Great North

Edmonton, Alberta, Canada

Redco provides a full suite of wellhead, frac completion products, and related services for blue-chip, oil and gas operators and prides itself on its breadth of products, reputation for quality, and outstanding field service capabilities. Redco is based in Edmonton, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-12 ASPEQ Heating Group

St. Louis, Mississippi, United States

ASPEQ Heating Group is a provider of custom-configured electric heating and thermal management products to the industrial, commercial, military, marine, and transportation markets. ASPEQ serves a highly diversified customer base and provides over 30 distinct product categories, including immersion and circulation heaters, duct heaters, tubular elements, unit and comfort heaters, and explosion-proof heaters, among others, as well as integrated controls and spare parts. Products are marketed through a multi-channel approach under the longstanding and well-known INDEECO, Heatrex, AccuTherm, and Brasch brands. ASPEQ Heating Group was formed in 2008 and is based in St. Louis, Mississippi.

Buy -
Mergr

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