M&A Deal Summary

Industrial Growth Partners Acquires Hydromax

On December 30, 2020, private equity firm Industrial Growth Partners acquired information services company Hydromax from Warren Equity Partners

Acquisition Highlights
  • This is Industrial Growth Partners’ 1st transaction in the Information Services sector.
  • This is Industrial Growth Partners’ 36th transaction in the United States.
  • This is Industrial Growth Partners’ 3rd transaction in Texas.

M&A Deal Summary

Date 2020-12-30
Target Hydromax
Sector Information Services
Buyer(s) Industrial Growth Partners
Sellers(s) Warren Equity Partners
Deal Type Secondary Buyout

Target

Hydromax

Flower Mound, Texas, United States
Hydromax is a professional services company specializing in data collection for the purposes of locating and assessing the condition of water, wastewater, and natural gas conveyance systems. Hydromax was founded in 2003 and is based in Flower Mound, Texas.

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Buyer(S) 1

Buyer

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 37 of 45
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 17 of 20
State (Texas) 3 of 5
Country (United States) 36 of 44
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 Integrated Global Services

Richmond, Virginia, United States

Integrated Global Services is a provider of highly engineered, proprietary surface protection solutions and technologies to a diversified global customer base. The Company’s technologies and services solve metal wastage and reliability problems in mission-critical equipment found across energy, power generation and other industrial end markets. Integrated Global Services was founded in 2010 and is based in Richmond, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-21 North American Substation Services

Alamonte Springs, Florida, United States

North American Substation Services is an independent repair, maintenance, and installation provider for electric utility substations. North American Substation Services was founded in 2005 and is based in Altamonte Springs, Florida.

Sell -

Seller(S) 1

SELLER

Warren Equity Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Warren Equity Partners is a private equity firm focused on small and medium-sized company investments. Warren Equity will consider profitable companies throughout North America and looks to invest $25 to $100 million per transaction. Sectors of interest include infrastructure, energy services, industrial, and building materials. Warren Equity Partners was formed in 2015 and is based in Jacksonville, Florida.


DEAL STATS #
Overall 2 of 5
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 2 of 5
State (Texas) 2 of 4
Country (United States) 2 of 5
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-13 Integrated Facility Solutions

Sugar Land, Texas, United States

Integrated Facility Solutions is a provider of an industrial safety platform targeting a buy in build in the safety, environmental and productivity sectors. The IFS platform includes Concept Controls which distributes, rents and services mission-critical industrial safety equipment throughout North America. Integrated Facility Solutions is based in Sugar Land, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-20 Magnolia River

Decatur, Alabama, United States

Magnolia River is a provider of inspection, engineering and design, and geographic information system (GIS) services for natural gas distribution and transmission pipeline and water utility infrastructure and operations. Magnolia River was founded in 2000 and is based in Decatur, Alabama.

Buy -