Industrial Growth Partners Recapitalizes Redco Group

Chicago Growth Partners Recapitalizes The Insco Group

March 15, 2024

Industrial Services

Chicago Growth Partners has completed a recapitalization of The Insco Group, a third-generation family-owned industrial distributor, with BDO Capital Advisors acting as exclusive financial advisor to Insco. Insco sells more than 5,000 in-stock products to biotechnology, industrial and government customers primarily in the U.S. Northeast; CGP is a Chicago-based private equity firm focused on middle-market buyouts and growth investments.

Dril-Quip Acquires Great North (Redco Group)

July 31, 2023

Energy

Dril-Quip, Inc. acquired Great North Wellhead (d/b/a Redco Group) from Industrial Growth Partners in an all-cash transaction that closed July 31, 2023 for approximately $80 million plus potential earn-outs. The acquisition expands Dril-Quip's Well Construction portfolio and geographic presence in Canada, adding wellhead and completion products, rental equipment and engineering/field services with ~ $100M in annual revenue and strong EBITDA margins.

Partners Group Recapitalizes Idera, Inc.

January 22, 2021

Software

Partners Group has recapitalized Idera, Inc., becoming the majority owner while TA Associates and HGGC remain significant equity investors alongside Idera management. The transaction is intended to support Idera's continued platform growth and M&A strategy across its B2B software productivity brands.

Industrial Growth Partners Acquires Process Insights from Union Park Capital

July 18, 2023

Manufacturing

Industrial Growth Partners (IGP), in partnership with Process Insights' management and other co-investors, acquired Process Insights, Inc. from Union Park Capital. The deal makes Process Insights a platform investment for IGP to accelerate growth, pursue strategic initiatives and pursue add-on acquisitions in its test & measurement and process-analytics product lines.

Industrial Growth Partners Acquires Double E Company

June 21, 2022

Manufacturing

Industrial Growth Partners (IGP) acquired Double E Company, a West Bridgewater, Massachusetts-based manufacturer of web converting components and material handling equipment, from River Associates Investments. IGP partnered with Double E management and certain outside investors to create a platform to accelerate growth through strategic initiatives and add-on acquisitions; financial terms were not disclosed.

Redco Group Acquires Stonewall Energy

May 7, 2021

Oil & Gas

Redco Group (an IGP–recapitalized platform) acquired the business assets of Stonewall Energy on May 7, 2021. The add-on expands Redco’s pressure-control and frac-completion product suite by integrating Stonewall’s proprietary ball & dart launching technologies, frac rental equipment and field services to strengthen its market leadership across Western Canada and North America.