Industrial Growth Partners Acquires Hultec (Hultec USA, Inc. / S&B Technical Products)
March 31, 2023
Industrial Growth Partners VI, L.P., in partnership with the Corbett family, Hultec management and certain outside investors, has acquired Hultec USA, Inc., S&B Technical Products, Inc. and their affiliates. Hultec, founded in 1981 and headquartered in Fort Worth, Texas, designs, manufactures and distributes elastomer gaskets, seals and related products for the water, industrial and agricultural end markets. The acquisition is a platform investment for IGP aimed at supporting a family ownership transition and accelerating Hultec's growth initiatives.
- Buyers
- Industrial Growth Partners VI, L.P., Corbett family, Hultec management, Certain outside investors
- Targets
- Hultec USA, Inc. (including S&B Technical Products, Inc. and affiliated entities)
- Industry
- Manufacturing
- Location
- Texas, United States
- Transaction Type
- Buyout
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