Industrial Growth Partners Acquires The Prince & Izant Company

Prince & Izant Acquires Peltier Mfg.

October 7, 2022

Manufacturing

Prince & Izant, LLC (P&I), a Cleveland-based provider of engineered metal alloys and precision materials, acquired the assets of Peltier Mfg., Inc. on October 7, 2022. The add-on purchase—by P&I, which is PE-backed by Industrial Growth Partners (IGP)—expands P&I’s product portfolio and manufacturing capabilities in precision metal preforms and microstampings for aerospace, medical, electronics and other industrial end markets.

Prince & Izant (P&I) Acquires Clad Metal Specialties

May 30, 2025

Manufacturing

Prince & Izant, LLC (P&I), a Cleveland-based provider of engineered metal alloys and brazing materials, has acquired the stock of Clad Metal Specialties, Inc., a Bay Shore, New York manufacturer of custom clad metal composites. The deal is an add-on acquisition to P&I (a platform backed by Industrial Growth Partners) to expand its engineered materials capabilities for aerospace, defense, space and industrial end markets.

HC Private Investments and Isleworth Capital Partners Invest in Prince Industries

May 18, 2022

Manufacturing

HC Private Investments, alongside Isleworth Capital Partners, has partnered with the founding family of Prince Industries to provide growth capital to the precision machining and sheet metal fabricator. Proceeds will be used to accelerate growth and expand operational capabilities; Prince CEO Mark Miller will remain on the board and retain a significant investment. Midwest Mezzanine Funds provided subordinated debt and equity to support the transaction.

IK Partners (IK IX) Acquires Majority Stake in IG&H

July 12, 2022

IT Services

IK Partners’ IK IX Fund has agreed to acquire a majority stake in Dutch digital transformation consultancy IG&H, with the founding management team reinvesting alongside the fund. IG&H, headquartered in Utrecht with ~350 employees and offices in Lisbon, Porto and Munich, provides consultancy, data analytics, low-code development and proprietary digital solutions for clients in pensions, banking, insurance, retail and healthcare; IK will support international expansion and M&A-driven consolidation.

Planethic Group AG Acquires IP Innovation Partners Technology GmbH

September 16, 2025

Manufacturing

Planethic Group AG (formerly Veganz Group AG) has acquired 100% of IP Innovation Partners Technology GmbH, a spin-off focused on the design, manufacture and distribution of machines for 2D production of beverages and foodstuffs. The €3.0 million purchase will be paid in 200,000 Planethic shares and aims to consolidate the Group's machine design and IP to strengthen its 2D printing/food-production capabilities.

Industrial Growth Partners Acquires ASPEQ Heating Group

November 8, 2019

Manufacturing

Industrial Growth Partners V, L.P. (IGP), in partnership with management and certain outside investors, has acquired ASPEQ Heating Group LLC, a St. Louis-based manufacturer of custom-configured electric heating and thermal management products. IGP intends to use the transaction as a platform investment to accelerate ASPEQ's growth by enhancing its go-to-market strategy and product portfolio, expanding end-market reach, and pursuing add-on acquisitions.