IPS Corporation (Centerbridge Portfolio) Acquires OnSite PRO's FloodStop

Centerbridge Partners Acquires IPS Corporation from Cypress Performance Group

October 4, 2021

Building Products

Centerbridge Partners, through funds it advises, agreed to acquire IPS Corporation from Cypress Performance Group; the transaction closed in October 2021. IPS, a Compton, California–based manufacturer of solvent cements, plumbing and roofing products and structural adhesives (brands include Weld‑On, Christy's, Water‑Tite and Scigrip), will continue to be led by George Moore (Executive Chairman) and Dan St. Martin (CEO), with several Cypress shareholders remaining as investors alongside Centerbridge.

Pentair Acquires Hydra-Stop from Madison Industries

September 18, 2025

Industrial Services

Pentair plc has completed the acquisition of Hydra-Stop LLC from Madison Industries for approximately $290 million (net ~$240 million after expected tax benefits). Hydra-Stop, a Burr Ridge, Illinois–based provider of specialty insertion valves, line stop fittings and installation equipment serving municipal and water utility customers, will join Pentair Flow’s Commercial and Infrastructure business unit and is expected to generate roughly $50 million of revenue in full-year 2025.

SitePro Acquires Integrated Control Solutions (ICS)

November 4, 2019

Energy

SitePro, an oilfield automation technology provider based in Lubbock, Texas, has acquired Integrated Control Solutions (ICS) to combine complementary automation technologies and managed services for upstream and midstream operators. The deal was financed with a J.P. Morgan debt facility and support from SitePro's existing shareholders, including Cottonwood Venture Partners and several family offices; ICS founders join SitePro's management team and retain ownership in SitePro.

Fortress Investment Group Acquires Infra Pipe Solutions

December 3, 2024

Manufacturing

Funds managed by affiliates of Fortress Investment Group have acquired a majority stake in Infra Pipe Solutions (IPS), a North American manufacturer of HDPE pipes and structures. Wynnchurch Capital exited the company; IPS management retained a minority stake and Fortress plans to invest to expand capacity and capture strong infrastructure demand across water, telecom and mining markets.

Lightspeed Systems Acquires STOPit Solutions

February 27, 2025

Education

Lightspeed Systems, supported by funds affiliated with Madison Dearborn Partners and Genstar Capital, has acquired STOPit Solutions to integrate anonymous reporting and crisis management with its student safety monitoring and web-filtering tools. The acquisition expands Lightspeed’s capabilities to provide unified case management, 24/7 human review, and enhanced visibility for K–12 schools to detect and prevent safety risks earlier.

Godspeed Capital Makes Strategic Investment in InSite Engineering

February 3, 2025

Engineering Services

Godspeed Capital has made a strategic investment in InSite Engineering, LLC to establish InSite as the platform brand for a new water and wastewater engineering services provider focused on the Southeastern United States. Financial terms were not disclosed; Godspeed will partner with InSite's leadership to drive organic growth and pursue strategic acquisitions, leveraging InSite's expertise in water/wastewater, PFAS remediation, and municipal infrastructure.