Industrial Growth Partners (IGP), a San Francisco-based private equity firm, today acquired the parent company of Des-Case Corporation for an undisclosed sum.
IGP concentrates on leading, niche manufacturers of engineered products used in critical applications. It partners with management teams to pursue strategic initiatives focused on achieving long-term shareholder value.
“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 by 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.”
Des-Case was founded in 1983 when it brought the first desiccant breather to market. Now, it manufactures an array of specialty filtration products to improve process equipment and extend lubricant life for industrial plants worldwide. The company’s solutions result in lower operating costs, environmental benefits, fewer repairs, and improved plant operations. Des-Case’s trademarked and patented solutions are marketed through an extensive global distribution network, private label distributors and OEM partners.
“I am honored and excited to be a part of writing the next chapter in the Des-Case growth story alongside our valued customers, partners and investors,” said Brian Gleason, president and CEO at Des-Case Corporation. “IGP has over two decades of experience investing in the industrial sector with a proven track record of building world- class global businesses. We are looking forward to the partnership.”
The transaction was completed on July 6, 2016. The management team retained a significant ownership stake in the company. For more information on Des-Case, visit www.descase.com.
