Private Equity Firm Manufacturing

Industrial Growth Partners

San Francisco, California, United States

IGP is a San Francisco-based specialist private investment partnership focused exclusively on acquiring middle-market industrial businesses.

Focus Areas
Middle-market industrial businesses
Website
igpequity.com

Tracked deals

30

30 tracked deals across 2018-2025.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Addon

18 addon · 11 buyout · 1 recapitalization

Industrial Growth Partners Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Industrial Growth Partners. 2 2018 2 2019 3 2020 6 2021 6 2022 6 2023 1 2024 4 2025

Supporting Data

Recent Transactions

Showing the 12 most recent of 30 tracked deals for Industrial Growth Partners.

  • Buyer
    Industrial Growth Partners
    Target
    Marki Microwave
    Industry
    Manufacturing
    Type
    Buyout

    Industrial Growth Partners (IGP) has acquired Marki Microwave in a partnership with the Marki family and management, creating a new platform to accelerate Marki's growth. Marki, headquartered in Morgan Hill, California, is a designer and manufacturer of high-performance RF and microwave components serving aerospace & defense, test & measurement, and other demanding end markets.

  • Buyer
    Alpha Metalcraft Group, Industrial Growth Partners
    Target
    Hanmar, LLC
    Seller
    John Schachtner
    Industry
    Manufacturing
    Type
    Addon

    Alpha Metalcraft Group (AMG), a portfolio company of Industrial Growth Partners (IGP), acquired Hanmar, LLC, a Pacoima, California-based manufacturer of thin-walled, high-precision metal parts for aerospace, defense and space markets. The deal is AMG's first add-on acquisition since IGP's July 2024 acquisition of AMG and is intended to deepen AMG's metal forming capabilities and expand its Southern California footprint.

  • Buyer
    Prince & Izant, LLC (P&I), Industrial Growth Partners (IGP)
    Target
    Clad Metal Specialties, Inc.
    Industry
    Manufacturing
    Type
    Addon

    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.

  • Buyer
    Industrial Growth Partners VI, L.P.
    Target
    SENS Holdings, LLC
    Seller
    Kaewert family (founding family)
    Industry
    Manufacturing
    Type
    Buyout

    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.

  • Buyer
    Industrial Growth Partners VI, L.P., AMG management team, Certain outside investors
    Target
    Alpha Metalcraft Group (AMG)
    Industry
    Manufacturing
    Type
    Buyout

    Industrial Growth Partners VI, L.P., in partnership with AMG management and certain outside investors, has acquired Alpha Metalcraft Group (AMG), a Danbury, Connecticut-based manufacturer of precision formed metal components. The investment creates a platform to accelerate AMG's growth, pursue strategic add-on acquisitions, and expand capabilities across aerospace & defense, medical, and industrial end markets.

  • Buyer
    Industrial Growth Partners, Process Insights management
    Target
    Process Insights, Inc.
    Seller
    Union Park Capital
    Industry
    Manufacturing
    Type
    Buyout

    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.

  • Buyer
    APCT, Industrial Growth Partners
    Target
    San Diego PCB Design
    Industry
    Manufacturing
    Type
    Addon

    APCT, a Santa Clara–based manufacturer of advanced printed circuit boards and a portfolio company of Industrial Growth Partners, has completed the acquisition of San Diego PCB Design. The add-on expands APCT’s offering to include PCB layout and design services, creating a full PCB lifecycle capability from design through prototyping and production.

  • Buyer
    Industrial Growth Partners VI, L.P., Corbett family, Hultec management, Certain outside investors
    Target
    Hultec USA, Inc. (including S&B Technical Products, Inc. and affiliated entities)
    Industry
    Manufacturing
    Type
    Buyout

    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.

  • Buyer
    ASPEQ Heating Group LLC, Industrial Growth Partners
    Target
    BBC Industries, Inc.
    Seller
    BBC Industries, Inc.
    Industry
    Manufacturing
    Type
    Addon

    ASPEQ Heating Group LLC, a portfolio company of Industrial Growth Partners, acquired certain business assets of BBC Industries, Inc. on February 15, 2023. The add-on expands ASPEQ's infrared electric heating technology, product scope, customer base and systems capabilities; BBC Industries will continue operating in Pacific, Missouri.

  • Buyer
    AEM, Industrial Growth Partners
    Target
    Central Semiconductor Corp.
    Seller
    Susan Ryan, Tom Radgowski
    Industry
    Manufacturing
    Type
    Addon

    AEM, a San Diego-based electronics platform and portfolio company of Industrial Growth Partners (IGP), has acquired Central Semiconductor Corp., a designer and manufacturer of discrete semiconductor solutions based in Hauppauge, New York. The deal expands AEM's product offering in discrete power conditioning components and is being executed as an add-on to AEM's existing platform to broaden capabilities and serve combined customers across industrial, medical, aerospace and commercial end markets.

  • Buyer
    APCT, Inc., Industrial Growth Partners
    Target
    Advanced Circuits, Inc.
    Seller
    Compass Diversified (CODI), Compass AC Holdings, Inc.
    Industry
    Manufacturing
    Type
    Addon

    APCT, a portfolio company of Industrial Growth Partners, completed the acquisition and merger with Advanced Circuits, Inc., a designer and manufacturer of quick-turn, low-volume printed circuit boards. The transaction was announced January 10, 2023 and closed in February 2023 (enterprise value reported at $220 million), with the seller Compass Diversified receiving approximately $170 million of proceeds at closing after adjustments.

  • Buyer
    Prince & Izant, LLC, Industrial Growth Partners
    Target
    Peltier Mfg., Inc.
    Seller
    Peltier Mfg., Inc.
    Industry
    Manufacturing
    Type
    Addon

    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.

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