Industrial Growth Partners, established in 1997 and based in San Francisco, is a private equity firm focused exclusively on the manufacturing sector. The firm specializes in investing in engineered products businesses, with a strong emphasis on entrepreneur and family-owned recapitalizations, as well as corporate divestitures. Industrial Growth Partners targets a wide range of industries, including aerospace and defense, analytical instruments, critical industrial services, and healthcare, among others. The firm collaborates closely with experienced industrial CEOs and management teams in the middle market to drive exceptional long-term equity returns, reflecting its commitment to fostering strong partnerships and building market-leading manufacturing businesses.
SENS Foods GmbH, based in Berlin, Germany, specializes in the manufacture and sale of food products made from cricket flour. Founded in 2016, the company offers a variety of items, including peanut butter and cinnamon bars, dark chocolate and sour cherry bars, chocolate protein blends, and cricket protein powders. SENS Foods aims to provide sustainable insect protein that is both flavorful and affordable, catering to a growing demand for alternative protein sources in the European market. The company's products are available for purchase online, reflecting a commitment to accessibility and convenience for consumers interested in nutritious and eco-friendly food options.
Hultec
Acquisition in 2023
Hultec is a manufacturer specializing in pipe sealing products and gaskets, primarily serving the industrial and wastewater sectors. The company provides a comprehensive range of rubber sealing solutions for pipe systems, including both standard and custom products tailored for specific applications. Hultec emphasizes customer service through global inventories and just-in-time deliveries, ensuring that clients have access to the necessary sealing solutions when needed. The engineering department at Hultec develops integrated and fixed pipe seals for various types of pipes and fittings, catering to both pressure and non-pressure requirements, all produced in advanced facilities.
Prince & Izant
Acquisition in 2022
Prince & Izant is a manufacturer specializing in brazing alloys and metal joining products tailored for various industries, including automotive, cutting tools, oil and gas exploration, HVACR, and electrical manufacturing. The company provides precision-engineered materials in diverse forms such as rings, wires, rods, strips, washers, discs, and pastes. By focusing on delivering specified products for critical and demanding applications, Prince & Izant positions itself as a reliable source for customers' precious metal product requirements, ensuring high-quality solutions to meet industry standards.
Double E Company
Acquisition in 2022
Double E Company is a leading manufacturer of precision-engineered components designed for web converting applications in the paper, film, and foil industries. The company specializes in essential wear components, including core chucks, brakes, shafts, web guides, core cutters, and roll movers. These products are integral to the continuous manufacturing processes, as they secure, straighten, apply tension, cut, and transport rolled raw materials. Additionally, Double E offers pre-configured roll stands and drop-in slitting modules, which allow clients to enhance their existing production lines or expand their processing capabilities, ultimately increasing efficiency and output.
APCT
Acquisition in 2021
APCT, Inc. specializes in the design, manufacture, and supply of printed circuit boards (PCBs), with a focus on high-reliability products tailored for sectors such as aerospace, defense, industrial, and medical industries. Founded in 1977 and headquartered in Santa Clara, California, the company operates additional manufacturing facilities in Orange and Placentia, California, and Wallingford, Connecticut. APCT offers a range of technologies, including high layer count through-hole technology, high-density interconnect (HDI) products, and flex and rigid-flex builds. The company emphasizes rapid turnaround times for PCB prototypes and provides comprehensive support through design for manufacturability engineering, technical solutions for product development, and global program management. With strategic partnerships in regions including Northern and Southern China, Taiwan, and Japan, APCT aims to deliver superior quality and service to its customers.
ASPEQ Heating Group
Acquisition in 2019
ASPEQ Heating Group LLC is a manufacturer of electric heating and thermal management equipment, headquartered in St. Louis, Missouri. Established in 2008, the company designs and produces a comprehensive range of products including space heaters, immersion heaters, circulation heaters, infrared heaters, and various specialized heating elements. ASPEQ serves a diverse clientele across commercial, industrial, transportation, and marine sectors, offering custom solutions tailored to specific customer requirements through its brands, INDEECO, Heatrex, and AccuTherm. With a focus on flexibility and quality, ASPEQ operates two manufacturing facilities in Missouri and is involved in every aspect of the manufacturing process, ensuring premium service and value-added thermal management solutions for a wide array of applications.
Electric Power Systems
Acquisition in 2018
Electric Power Systems is a comprehensive provider of electrical testing, engineering services, and energy storage solutions, primarily serving the aerospace, defense, automotive, marine, and industrial traction sectors. Founded in 1977 and located in Maryland Heights, Missouri, the company specializes in a wide range of services, including testing for low and high voltage substations, circuit breakers, transformers, and various electrical systems. Additionally, it offers advanced oil handling, relay calibration, thermographic surveys, and arc flash analysis. Electric Power Systems also develops scalable powertrains and energy storage systems designed to ensure safety and reliability in high-power applications, with a proven track record in powering flight demonstrators like the NASA X-57. The company focuses on maintaining rigorous safety standards and compliance, making it a trusted partner in critical infrastructure projects.
Brown Machine Group
Acquisition in 2018
Brown Machine Group Holdings, LLC, established in 1952 and headquartered in Beaverton, Michigan, specializes in the design, manufacture, and sale of thermoforming and automation equipment. The company provides a range of products and services, including thermoforming machines, tooling, parts, and injection-molding and die-casting machine remanufacturing services. Brown Machine Group also produces highly engineered equipment for converting plastic sheets into high-value products, alongside automated material handling solutions for both paper and plastic products. In addition to its main facility in Michigan, the company has operations in Fremont, Ohio, and Knoxville, Tennessee.
Royal Die & Stamping
Acquisition in 2017
Royal Die & Stamping manufactures metal components for the automotive, electronics, and telecommunication industries. They supply electrical connectivity components for automotive and industrial applications. They sell compliant pins, battery terminals, fuse assemblies, metal housings, and frame products.
Iota Engineering
Acquisition in 2017
Iota Engineering, based in Tucson, Arizona, is a prominent manufacturer of backup power supply equipment specifically designed for commercial, industrial, and institutional emergency lighting applications. Founded in 1968, the company offers a diverse range of products, including LED emergency drivers, inverters, device controls, ballasts, and emergency lighting controls, ensuring compliance with safety standards during power outages. Renowned for its innovative technology solutions, many of which are patented, Iota Engineering provides products that boast broad compatibility within the industry. The company's commitment to quality and superior customer service has established it as a leader in the market, positioning it for continued growth and influence in the field of emergency lighting.
SPL
Acquisition in 2016
SPL is a company that offers outsourced hydrocarbon measurement, analysis, and reporting services specifically tailored for oil and gas production and transportation companies. It specializes in various areas including production accounting, auditing, inspection, automation, and laboratory design and construction services. By providing these essential services, SPL enables its clients to effectively market their products downstream, comply with regulatory reporting requirements, and ensure precise payment of royalties to leaseholders. Through its expertise, SPL supports the operational efficiency and financial accuracy of its clients within the oil and gas sector.
Des-Case Parent
Acquisition in 2016
Des-Case Corporation, established in 1983, specializes in producing innovative filtration products designed to maintain clean oil and prolong the life of industrial equipment. The company originated from a need identified by an engineer at a major oil company, leading to the development of its first breather product by founder Jim Waller. Des-Case's offerings include desiccant breathers that prevent contamination, filtration systems that eliminate impurities, and visual oil analysis tools that detect lubricant issues. These solutions cater to various industries, including automotive, aviation, chemical, and food and beverage, enabling clients to enhance the performance of their lubricants while reducing their environmental impact.
North American Substation Services
Acquisition in 2015
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 servicing a variety of transformers and circuit breakers, offering a range of services including hot oil processing, thermal upgrades, condition assessments, and maintenance. Additionally, it provides engineering services such as specialty testing and operational verification. NASS serves utility, municipal, and industrial markets, and is distinguished as the only independent company of its kind with a nationwide presence, operating through multiple locations across the country.
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 Portable Machine Tools specializes in the development and manufacturing of portable machining and valve testing systems tailored for high-precision, on-site applications. The company provides a diverse range of products, including boring bars, flange facers, milling machines, pipe cutters, and bore welders, designed to meet the needs of clients engaged in maintenance and overhaul of critical infrastructure assets. By focusing on mission-critical machining tasks, Climax aims to enhance efficiency and profitability for its customers, who often include some of the largest organizations worldwide. The company is recognized for its ability to address complex machining challenges, making it a trusted partner in the industry.
Cambridge International
Acquisition in 2012
Cambridge International, Inc. specializes in designing and manufacturing woven metal products for a variety of industrial, architectural, and environmental applications. Its product range includes metal conveyor belts, filtration systems, and custom mesh solutions, catering primarily to the food processing sector, as well as packaging and filtration markets. The company operates multiple manufacturing plants across the United States and has facilities in Mexico, Brazil, and Australia, enabling it to serve a diverse clientele in industries such as agriculture, automotive, electronics, and pharmaceuticals. Cambridge International also offers services such as belt installation, conveyor system evaluation, and engineering support. Founded in 1911 and based in Cambridge, Maryland, the company has established itself as a leading supplier of metal conveying solutions globally.
API Heat Transfer
Acquisition in 2007
API Heat Transfer Inc. specializes in the engineering, design, development, and manufacture of heat exchangers and pressure vessels, catering to various industrial sectors. The company offers a diverse range of products, including air-cooled, plate, pre-engineered, shell and tube heat exchangers, as well as thermal systems, serving markets such as compressor and engine cooling, fluid power, food and beverage, oil and gas, power generation, and more. Operating from four modern manufacturing facilities in the United States, Germany, and China, API Heat Transfer ensures local sales and reliable after-sales service through a comprehensive global network. Founded in 1947 and headquartered in Buffalo, New York, the company was previously known as ThermaSys Corporation and is a former subsidiary of ThermaSys Group Holding Company.
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.
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