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

14 past transactions

APCT, Inc.

Acquisition in 2021
APCT, Inc. is a manufacturer of printed circuit boards, specializing in technologies such as higher layer counts in through-hole designs, High Density Interconnect (HDI) products, and flex and rigid-flex assemblies. Founded in 1977 and based in Santa Clara, California, the company has additional manufacturing facilities in Orange and Placentia, California, and Wallingford, Connecticut. APCT, Inc. is recognized for its ability to deliver high-reliability products with superior turnaround times, positioning itself as a leading player in the industry. The company also offers sales and technical engineering support, and it has established strategic partnerships in Northern and Southern China, Taiwan, and Japan. APCT, Inc. operates as a subsidiary of APCT Holdings, LLC.

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.

Electric Power Systems

Acquisition in 2018
Electric Power Systems, founded in 1977 and based in Maryland Heights, Missouri, specializes in electrical testing and engineering services. The company offers a comprehensive range of services, including testing for low and high voltage substations, AC and DC hi-potential systems, power circuit breakers, transformers, generators, and control systems. Its expertise extends to oil handling and processing, relay and meter calibration, infrared thermographic surveys, and insulating liquid analysis. Additionally, Electric Power Systems provides services in ground grid design, arc flash analysis, and repair and commissioning of substations and transformers. The company also conducts various studies, including short circuit and coordination, power factor analysis, harmonic and power quality assessments, load flow, and motor starting evaluations.

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.

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.

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.

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.
North American Substation Services, LLC is an independent provider of installation, repair, and maintenance services for high voltage substation equipment across the United States. Founded in 2005 and headquartered in Altamonte Springs, Florida, the company specializes in services for transformers and circuit breakers, including hot oil processing, condition assessments, and thermal upgrades. Additionally, it offers engineering services such as relay testing and operational assessments. NASS serves a diverse clientele that includes electric utilities, original equipment manufacturers, and industrial customers, operating from eight locations nationwide. The company focuses on extending the lifespan of critical electrical transmission and distribution infrastructure, thereby preventing costly equipment failures.

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.

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.

Cambridge International

Acquisition in 2012
Cambridge International, Inc. specializes in the design and manufacture of woven metal products utilized in various industrial, architectural, and environmental applications. The company offers a diverse range of products, including positive and friction drive belts, cage belts, filtration systems, mesh systems, conveyors, and gripper slings. Cambridge International also provides contract manufacturing services for critical components used in gasifiers, incinerators, emission controls, and industrial ovens. In addition to product offerings, the company delivers services such as belt installation, conveyor evaluation, engineering, troubleshooting, and training. Its clientele spans multiple industries, including agriculture, automotive, food processing, pharmaceuticals, and utilities, both domestically and internationally. Founded in 1911 and based in Cambridge, Maryland, Cambridge International has established itself as a leading supplier of metal conveying solutions, particularly for food processing and other sectors. The company has operated as a subsidiary of Rexnord Corporation since 2016.

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.

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.

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.