Centerbridge Partners Acquires IPS Corporation from Cypress Performance Group
October 4, 2021
Centerbridge Partners, through funds it advises, agreed to acquire IPS Corporation from Cypress Performance Group; the transaction closed in October 2021. IPS, a Compton, California–based manufacturer of solvent cements, plumbing and roofing products and structural adhesives (brands include Weld‑On, Christy's, Water‑Tite and Scigrip), will continue to be led by George Moore (Executive Chairman) and Dan St. Martin (CEO), with several Cypress shareholders remaining as investors alongside Centerbridge.
- Buyers
- Centerbridge Partners, L.P.
- Targets
- IPS Corporation
- Sellers
- Cypress Performance Group, LLC
- Industry
- Building Products
- Location
- California, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Integrated Polymer Solutions Acquires IRP Group
February 18, 2021
Medical Devices
Integrated Polymer Solutions (IPS), a portfolio company of Arcline Investment Management, acquired IRP Group, a Southern California manufacturer of precision elastomeric sealing components. The deal expands IPS's liquid silicone rubber (LSR) molding capabilities and strengthens its position in the Class I/II medical device and aerospace & defense end markets; founder Rod Trujillo and President Casper Zublin will continue as senior advisors.
-
Arcline Investment Management Acquires Integrated Polymer Solutions (IPS)
July 15, 2019
Manufacturing
Arcline Investment Management acquired Integrated Polymer Solutions (IPS) from Industrial Growth Partners in a transaction that closed on July 12, 2019. IPS, headquartered in Long Beach, California with additional manufacturing in Sheffield, UK, manufactures highly engineered elastomeric components (seals, gaskets, composite tooling) for aerospace, defense, biopharma and specialty industrial end markets.
-
Fortress Investment Group Acquires Infra Pipe Solutions
December 3, 2024
Manufacturing
Funds managed by affiliates of Fortress Investment Group have acquired a majority stake in Infra Pipe Solutions (IPS), a North American manufacturer of HDPE pipes and structures. Wynnchurch Capital exited the company; IPS management retained a minority stake and Fortress plans to invest to expand capacity and capture strong infrastructure demand across water, telecom and mining markets.
-
Searchlight Capital Partners to Acquire Majority Stake in Integrated Power Services
October 19, 2021
Industrial Services
Funds advised by Searchlight Capital Partners have entered into a definitive agreement to acquire a majority stake in Integrated Power Services (IPS), an industrial aftermarket services provider. Searchlight is buying the stake from funds advised by Odyssey Investment Partners, and the deal is subject to regulatory approvals with an expected close later in the year.
-
Installed Building Products Acquires Capital Insulation, LLC (and CBS & Mirror, LLC)
December 16, 2024
Building Products
Installed Building Products, Inc. (NYSE: IBP) acquired Capital Insulation, LLC and CBS & Mirror, LLC (collectively “Capital”), adding over $12 million of annual revenue and expanding IBP’s presence in the greater Houston market. Capital, based in Houston, Texas, installs fiberglass and spray foam insulation across single-family, multifamily, and commercial new-construction projects.
-
Centerbridge Partners and Bridgeport Partners Complete Acquisition of Computer Services (CSI)
November 16, 2022
IT Services
Computer Services, Inc. (CSI) was acquired in an all-cash transaction valued at approximately $1.6 billion ($58.00 per share) by private equity firms Centerbridge Partners, L.P. and Bridgeport Partners. The deal closed in November 2022, and CSI became a private company with its stock delisted from the OTCQX market.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.