Des-Case Acquired By Private Equity
By pdamon08 July 2016
Industrial Growth Partners (IGP), a San Francisco-based private equity firm, has acquired the parent company of Des-Case Corp., a Goodlettsville, Tenn., manufacturer of filtration products using in mining, construction, oil &gas and process filtration applications. No financial details were provided.
The transaction was completed on July 6 and Des-Case management retained a significant ownership stake in the company.
IGP concentrates on niche manufacturers of engineered products used in critical applications and partners with those management teams to pursue strategic initiatives focused on achieving long-term shareholder value. Founded in 1983 when it brought its first desiccant breather to market, Des-Case now manufactures an array of specialty filtration products.
“Des-Case brings a holistic perspective to the lubricant contamination control market by not only providing the education and training needed to understand the benefits of contaminant-free lubricant, but also providing innovative solutions to protect the lubricant at every critical point in its lifecycle,” said a representative from IGP. “As a market leader with a strong brand name and long-standing customer relationships with some of the world’s largest manufacturers, we are confident in Des-Case’s ability to continue to expand globally.”
It is not the first time Des-Case was involved with private equity, as in 2013, Pfingsten Partners, L.L.C. acquired the company. “We have enjoyed being a part of Des-Case’s growth journey the past several years and are excited for their new opportunity with IGP,” said a representative from Pfingsten.