sale to Nautic Partners
Baird served as the exclusive financial advisor to IPS Corporation on this transaction.
AboutIPS Corporation (the “Company” or “IPS”), a portfolio company of Calera Capital (“Calera”), was recently acquired by Nautic Partners, LLC (“Nautic”). The terms of the transaction were not disclosed.
IPS Corporation is a leader in manufacturing adhesives, solvent cements, labor-saving plumbing specialty items and numerous components and supplies for the plumbing, construction, manufacturing and plastic fabrication industries. IPS has operations throughout the United States, as well as the United Kingdom and China, and a worldwide network of sales representatives and distributors. IPS is headquartered in Compton, California.
Calera is a private equity firm that invests across a diverse range of industries, including business services, consumer and retail, financial services, healthcare, building products and industrial manufacturing. It makes substantial equity investments in operating companies, typically with enterprise values up to $1 billion, and seeks to build long-term sustainable value by working with management teams to implement strategic and operating initiatives. Calera has offices in San Francisco, California and Boston, Massachusetts and has approximately $1.8 billion of capital under management.
Nautic is a private equity firm that targets equity investments of $25 to $75 million. It seeks majority ownership in niche businesses with strong market share and growth potential, identified value enhancement opportunities and strong management teams. Areas of focus include business services, manufacturing and healthcare. Nautic is based in Providence, Rhode Island and has over $2.5 billion of capital under management.
For additional information about this transaction, please contact:
- February 2015
- IPS Corporation
- Target Location
- North America
- Acquiror Location
- North America