Industrial Growth Partners Acquires Double E Company

Industrial Growth Partners Acquires AEM

September 13, 2021

Manufacturing

Industrial Growth Partners (IGP), in partnership with management and certain outside investors, acquired AEM (Holdings) Inc., AEM Group Limited and subsidiaries, creating a new platform investment to accelerate the company's growth. Founders Daniel and Cai Li Chang sold the company but retain a significant minority equity stake; Daniel Chang was named Chairman and Rick Busch was appointed CEO.

Double E (River Associates Portfolio) Acquires Daven Manufacturing

June 2, 2022

Manufacturing

Double E Company LLC, a River Associates-backed portfolio company, acquired Daven Manufacturing LLC on June 2, 2022. The add-on expands Double E’s product offering in web converting and material-handling equipment; terms were not disclosed.

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.

Industrial Growth Partners Acquires Hydromax USA, LLC

December 30, 2020

Industrial Services

Industrial Growth Partners V, L.P., in partnership with Hydromax USA management, acquired Hydromax USA, LLC from Warren Equity Partners. The private equity-controlled platform investment positions Hydromax to accelerate growth across its outsourced infrastructure services for gas, water and wastewater utilities through strategic and operational support from IGP.

Industrial Growth Partners Recapitalizes Redco Group

December 17, 2018

Oil & Gas

Industrial Growth Partners (IGP) recapitalized Redco Group in partnership with Redco's management on December 17, 2018. Redco, headquartered in Edmonton, Alberta, is a leading independent provider of pressure control equipment, wellhead and frac completion products and associated manufacturing and field services to oil and gas operators across Western Canada.

Industrial Growth Partners Acquires SENS

March 10, 2025

Manufacturing

Industrial Growth Partners (IGP) has acquired SENS Holdings, LLC, a Longmont, Colorado-based designer and manufacturer of battery chargers, integrated power systems and battery monitoring solutions. IGP partnered with SENS management and rollover equity to create a platform to accelerate growth, scale operations and expand the company’s presence across critical-infrastructure end markets such as data centers, hospitals and utilities.