M&A Deal Summary

TruArc Partners Acquires Ideal Tridon

On August 1, 2017, private equity firm TruArc Partners acquired machinery company Ideal Tridon from Industrial Growth Partners

Acquisition Highlights
  • This is TruArc Partners’ 1st transaction in the Machinery sector.
  • This is TruArc Partners’ 21st transaction in the United States.
  • This is TruArc Partners’ 4th transaction in Tennessee.

M&A Deal Summary

Date 2017-08-01
Target Ideal Tridon
Sector Machinery
Buyer(s) TruArc Partners
Sellers(s) Industrial Growth Partners
Deal Type Secondary Buyout
Advisor(s) Lincoln International
Fidus Partners (Financial)
Kirkland & Ellis (Legal)

Target

Ideal Tridon

Smyrna, Tennessee, United States
Ideal Tridon's corporate headquarters in Smyrna, Tennessee.
Ideal Tridon's corporate headquarters in Smyrna, Tennessee.
Ideal Tridon is a global engineering solutions designer and manufacturer of stainless steel worm gear and specialty clamps and couplings for industrial, heavy duty, plumbing, irrigation, marine and automotive applications. Ideal Tridon was founded in 1913 and is based in Smyrna, Tennessee.

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Buyer(S) 1

Buyer

TruArc Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TruArc Partners is a private equity firm that invests in small to mid-market companies throughout North America. The Firm seeks to invest $50 to $150 million in companies valued between $100 and $500 million. TruArc Partners will consider a variety of transaction types, including leveraged acquisitions, build-ups, recapitalizations, restructurings and growth equity commitments. TruArc Partners was formerly known as Snow Phipps Group. The Firm was established in 2005 and is based in New York, New York.


DEAL STATS #
Overall 21 of 34
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 12 of 17
State (Tennessee) 4 of 4
Country (United States) 21 of 33
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-17 Workforce Logiq

Orlando, Florida, United States

Workforce Logiq is a global provider of software and services to large corporations in the fast-growing, global workforce management space. Workforce Logiq was formed in 1999 and is based in Orlando, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-03 DecoPac

Anoka, Minnesota, United States

DecoPac is a provider of cake decorations to professional cake decorators and bakeries. DecoPac's proprietary technologies and extensive portfolio of licenses allows customers to provide customized baked goods with short turnaround times, while in-store kiosks and online ordering software make it easy for consumers to order cakes anytime and anywhere. DecoPac was established in 1982 and is based in Anoka, Minnesota.

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 20 of 34
Sector (Machinery) 3 of 5
Type (Secondary Buyout) 11 of 14
State (Tennessee) 2 of 4
Country (United States) 20 of 33
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-03 Royal Power Solutions

Carol Stream, Illinois, United States

Royal Power Solutions is a manufacturer of high-precision electrical connectivity components used in the electric vehicle, energy management, industrial, and mobility markets. Royal Power Solutions was founded in 1938 and is headquartered in Carol Stream, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 FMH Aerospace

Irvine, California, United States

FMH Aerospace Corporation is a manufacturer of complex,highly-engineered, flight-critical components and assemblies, including metal bellows, bellow joints, metal ducting and metal hoses, for the commercial aerospace, defense, space and industrial markets.

Sell -