Industrial Growth Partners

INDUSTRIAL GROWTH PARTNERS® was founded in 1997 with a single vision: to invest in and build global, market-leading manufacturing businesses. Since our inception, IGP has specialized exclusively in the manufacturing sector with a particular focus on engineered products businesses. We are firm believers in the adage "you're only as good as the company you keep" and over our history we have partnered with some of the best industrial CEOs and management teams in the middle market. IGP's senior investment professionals are motivated by a strong desire to collaborate with the very best managers to create exceptional long-term equity returns.

Samuel G. Adler

Associate

Matthew P. Antaya

Principal

Ronald A. Auletta

Operating Partner

Robert M. Austin

Partner

Michael H. Beaumont

Founding Partner

Rohan Bhargava

Principal

Paul W. Campbell

Principal

Daniel Delaney

Partner

David M. DiFranco

Partner

Eric D. Heglie

Partner

Tim Heston

Partner

Brett Johnson

COO and CCO

John D. Malloy

Principal

John Parent

Principal

Gottfried Tittiger

Founding Partner

Jeffrey M. Webb

Partner

Micah K. Wickersheim

Principal

25 past transactions

Cambridge International

Acquisition in 2012
Cambridge is one of the world’s largest suppliers of metal conveying and engineered woven metal solutions, primarily used in food processing end markets, as well as in architectural, packaging and filtration applications.

Global Power Systems

Acquisition in 2005
Global Power Systems operates factory-authorized full service marine market dealerships for Cummins, Detroit Diesel and John Deere high-speed diesel engines, as well as Allison transmissions. Global is also an authorized marine dealer for Caterpillar in Louisiana.

Zadara Storage

Private Placement in 2018
Ranked #81 on Deloitte’s Technology Fast 500, Zadara Storage offers enterprise-class storage as a service for private and public clouds. The company helps organizations eliminate the technical, operational, and financial risks associated with enterprise data storage, by providing industry-leading enterprise data storage solutions as a fully-managed service. Zadara Virtual Private Storage Arrays combine innovative software with standard hardware to create truly private Cloud storage with your own dedicated drives, CPUs, memory and I/O. Even though the Cloud is a shared environment, your dedicated resources are isolated from (and not shared with) other Cloud users, resulting in both privacy and Predictable Performance. Virtual Controllers (VCs) manage and present storage via iSCSI/NFS or CIFS, ensuring high availability, security and performance. The Virtual Controllers intelligently place and protect your data on Storage Nodes to yield both Predictable Performance™ and Enterprise-class high availability. Zadara Storage was founded in 2011 and is based in Irvine, California.

IOTA Engineering

Acquisition in 2017
Headquartered in Tucson, Arizona, IOTA is a leading manufacturer of back-up power supply equipment for commercial, industrial and institutional emergency lighting applications. The Company provides a comprehensive portfolio of products that supplies light fixtures with emergency power to maintain code-compliant illumination after loss of power. IOTA is a market innovator that has developed a number of technology solutions (some patented) for LED lighting applications that have the broadest compatibility in the industry. The Company, founded in 1968, is well-positioned to continue its growth given its broad and comprehensive product line and its industry-leading reputation for technology, quality and superior customer service.
North American Substation Services (NASS) is an independent repair, maintenance and installation provider for electric utility substations throughout the United States. The company offers transformer, circuit breaker and engineering services to electric utilities, original equipment manufacturers (OEM) and industrial customers. With eight locations throughout the country, NASS is the only independent company of its kind with a nationwide footprint.

SPL, Inc.

Merger/Acquisition in 2016
SPL is a globally recognized industry leader in hydrocarbon measurement,characterization, and production analytics. The company combines ISO-certified labs in key basins throughout North America, verifiable test methods, and world-renowned scientists with patented software and digital workflows to bring more confidence and insights to our customers’ hydrocarbon data.

Redco Group

Merger/Acquisition in 2019
Redco Group provides pressure control equipment for oil and gas markets. It offers custom manufacturing, machining, wellhead equipment, and industrial accessories, as well as field service and after-sale support. The company is headquartered in Edmonton, Canada.

ASPEQ Heating Group

Acquisition in 2019
ASPEQ Heating Group LLC designs and manufactures electric heating and thermal management equipment. It offers heating equipment, including space heaters, industrial component heaters, electronic controls, and heating elements. The company also provides bolt heaters, immersion heaters, fluid and air circulation heaters, infrared heaters, hopper heaters, switch gear heaters, tubular and finned element heaters, tubular strip heaters, air duct heaters, die casting heaters, and extrusion press heaters. It serves commercial, industrial, transportation, and marine markets. ASPEQ Heating Group LLC was founded in 2008 and is based in St. Louis, Missouri.

SPL

Acquisition in 2016
Founded in Carthage, Texas, in 1944, SPL is considered one of the world’s most credible sources of unbiased third-party hydrocarbon insights. Keeping our focus centered on the core values of safety, integrity, innovation and service upon which our business was founded, we support operators with everything from accurate meter calibration and reporting to allocation production and data management. And with expert laboratory personnel and field services teams at 15 strategic locations nationwide, we can ensure the quantity and quality of oil and gas assets at any scale. For more than 70 years, SPL has brought innovation and objective thought leadership to its fields—all with an unfettered commitment to getting it right for our customers.

ASPEQ Heating Group

Merger/Acquisition in 2019
ASPEQ Heating Group LLC designs and manufactures electric heating and thermal management equipment. It offers heating equipment, including space heaters, industrial component heaters, electronic controls, and heating elements. The company also provides bolt heaters, immersion heaters, fluid and air circulation heaters, infrared heaters, hopper heaters, switch gear heaters, tubular and finned element heaters, tubular strip heaters, air duct heaters, die casting heaters, and extrusion press heaters. It serves commercial, industrial, transportation, and marine markets. ASPEQ Heating Group LLC was founded in 2008 and is based in St. Louis, Missouri.

FMH Aerospace Corp.

Merger/Acquisition in 2015
FMH Aerospace Corp. develops and manufactures products and assemblies for aerospace OEMs and Tier I suppliers. The company offers ducts and tubes, bellows, flexible metal hoses, and sheet metal components and assemblies. Its products are used in various applications that include aircraft airframe, aircraft engines, aircraft special mission, space, and industrial gas turbines. The company was incorporated in 1991 and is headquartered in Irvine, California. As of January 19, 2018, FMH Aerospace Corp. operates as a subsidiary of FMH Holdings Corp.

Electric Power Systems

Acquisition in 2018
Electric Power Systems provides electrical testing and engineering services. The company offers low and high voltage substations, AC and DC hi-potential, power circuit breaker, transformer, ground, generator load and system, control system acceptance, battery, and UPS acceptance testing services. It also provides oil handling and processing, relay and meter calibration, infrared thermographic survey, insulating liquid analysis, ground grid designing, arc flash analysis, and substation and transformer repair, commissioning, and insulating oil services. Additionally, the company offers short circuit and coordination, power factor, harmonic and power quality, load flow, and motor starting and load studies. Electric Power Systems was founded in 1977 and is based in Maryland Heights, Missouri.

Des-Case Parent

Acquisition in 2016
Des-Case Corporation was founded in 1983 to provide the lubricant industry with innovative solutions to extend oil and equipment life. The original breather was the brainchild of the Company founder, Jim Waller, who responded to the request of an engineer at a major oil company looking for a way to enhance the performance and longevity of his products. As a filtration engineer by trade, Jim’s entrepreneurial spirit took hold with this opportunity and the breather was created and put into production.

APCT, Inc.

Acquisition in 2021
APCT, Inc. designs, manufactures, and supplies printed circuit boards. The company manufactures technologies, including higher layer counts in through-hole technology; High Density Interconnect (HDI) product; and flex and rigid-flex builds. The company also provides sales and technical engineering support services. The company has strategic partners in Northern and Southern China; Taiwan; and Japan. APCT, Inc. was formerly known as Advanced Printed Circuit Technology, Inc. The company was founded in 1977 and is based in Santa Clara, California with additional manufacturing sites in Orange and Placentia, California; and Wallingford, Connecticut. APCT, Inc. operates as a subsidiary of APCT Holdings, LLC.

Brown Machine Group

Merger/Acquisition in 2018
Brown Machine Group Holdings, LLC designs, manufactures, and sells thermoforming and automation equipment. Its products and services include thermoforming machines; tooling; and parts and services, as well as injection-molding and die-casting machine re-manufacturing services. The company was founded in 1952 and is based in Beaverton, Michigan. It has locations in Fremont, Ohio; and Knoxville, Tennessee.

Sanders Industries

Acquisition in 2014
Sanders Industries is a leading manufacturer of highly-engineered elastomeric tools used in large, composite structure manufacturing, in addition to elastomeric components for aerospace and defense OEM and MRO applications.

Des-Case Parent

Merger/Acquisition in 2016
Des-Case Corporation was founded in 1983 to provide the lubricant industry with innovative solutions to extend oil and equipment life. The original breather was the brainchild of the Company founder, Jim Waller, who responded to the request of an engineer at a major oil company looking for a way to enhance the performance and longevity of his products. As a filtration engineer by trade, Jim’s entrepreneurial spirit took hold with this opportunity and the breather was created and put into production.

Royal Die & Stamping

Acquisition in 2017
Royal Die & Stamping is a manufacturer providing superior components to the Automotive, Electronics and Telecommunication industries. RDS is a supplier of high-precision, critical electrical connectivity components for automotive and industrial applications. The Company designs and manufactures a broad portfolio of battery terminals, eyelet terminals, fuse components and lead frames, amongst other electrical connectivity-focused products, using complex alloys. RDS is distinguished within the industry by its custom design and engineering expertise, vast library of proprietary products and exceptional quality and customer service.

Electric Power Systems

Merger/Acquisition in 2018
Electric Power Systems provides electrical testing and engineering services. The company offers low and high voltage substations, AC and DC hi-potential, power circuit breaker, transformer, ground, generator load and system, control system acceptance, battery, and UPS acceptance testing services. It also provides oil handling and processing, relay and meter calibration, infrared thermographic survey, insulating liquid analysis, ground grid designing, arc flash analysis, and substation and transformer repair, commissioning, and insulating oil services. Additionally, the company offers short circuit and coordination, power factor, harmonic and power quality, load flow, and motor starting and load studies. Electric Power Systems was founded in 1977 and is based in Maryland Heights, Missouri.

API Heat Transfer

Acquisition in 2007
API Heat Transfer is one of the largest full service producers of industrial heat exchangers and heat transfer systems in the world. Today API Heat Transfer operates from four modern manufacturing facilities located in the United States, Germany and China, and provides local sales and service to customers through their global sales network.

IOTA Engineering

Merger/Acquisition in 2017
Headquartered in Tucson, Arizona, IOTA is a leading manufacturer of back-up power supply equipment for commercial, industrial and institutional emergency lighting applications. The Company provides a comprehensive portfolio of products that supplies light fixtures with emergency power to maintain code-compliant illumination after loss of power. IOTA is a market innovator that has developed a number of technology solutions (some patented) for LED lighting applications that have the broadest compatibility in the industry. The Company, founded in 1968, is well-positioned to continue its growth given its broad and comprehensive product line and its industry-leading reputation for technology, quality and superior customer service.

North American Substation Services

Merger/Acquisition in 2015
North American Substation Services (NASS) is an independent repair, maintenance and installation provider for electric utility substations throughout the United States. The company offers transformer, circuit breaker and engineering services to electric utilities, original equipment manufacturers (OEM) and industrial customers. With eight locations throughout the country, NASS is the only independent company of its kind with a nationwide footprint.

AmerCable

Acquisition in 2005
AmerCable is develops and manufactures cable. The Company manufactures flexible mining cable for coal mines, oil and gas drilling and production, surface and underground mining, renewable energy such as solar and wind, and for general industrial applications.

Climax Portable Machine Tools

Acquisition in 2013
CLIMAX advances the state of the art in powerful, precise, on-site machining. Customers with the most mission-critical, tightest-tolerance machining tasks come to us for the tools and solutions to achieve new levels of efficiency and profitability. Many of the largest companies on earth rely on us to solve the most complicated and challenging machining jobs imaginable.