With a 20-yr. history in the industrial sector, and $2.2 billion in capital raised since inception, IGP has extensive experience building global manufacturing businesses. According to the company, it concentrates on leading niche manufacturers of engineered products used in critical applications, and partners with their management teams to pursue strategic initiatives focused on achieving long-term shareholder value.
Founded in 1983 when it brought the first desiccant breather to market, Des-Case now provides an array of fluid-cleanliness products, services, and training that improve equipment reliability and extend lubricant life in industrial plants around the globe. It, in fact, has enjoyed the growth-opportunity benefits of private-equity investments since 2013, when it was acquired by Pfingsten Partners L.L.C.
In 2014, Des-Case announced its own acquisition of the visual-oil-analysis line of ESCO Products Inc., the well-known, family-owned, Houston-based manufacturer of various fluid-monitoring technologies and distributor of Copaltite and Dow Corning products. The acquired portfolio included ESCO’s 3-D BullsEye Viewport, oil sight glasses, indicators and level monitors.
“I am honored and excited to be a part of writing the next chapter in the Des-Case growth story alongside our valued customers, partners and investors,” noted company president and CEO Brian Gleason. “IGP has over two decades of experience investing in the industrial sector with a proven track record of building world-class global businesses. We are looking forward to the partnership.”
Other than the report that Des-Case’s management team has retained a substantial ownership stake in the company, terms of the July 6, 2016 transaction haven’t been disclosed.
For more information on Des-Case, CLICK HERE.
To learn more about Industrial Growth Partners, CLICK HERE.