Arcline’s IPS Buys IRP Group

Integrated Polymer Solutions, a portfolio company of Arcline Investment Management, has acquired IRP Group. Arcline acquired Integrated Polymer Solutions from Industrial Growth Partners in July 2019.

IRP is a designer and manufacturer of elastomeric sealing components used by OEM and other manufacturers in the medical device, aerospace and defense sectors.

IRP was founded in 1999 by CEO Rod Trujillo and is headquartered near Los Angele in Ontario, California.

Integrated Polymer Solutions (IPS) manufactures elastomeric components and tools that are used in the aerospace, military, biopharma and specialty industrial markets. The company’s products include elastomeric tooling, seals, gaskets, electromagnetic and radio frequency interference shielding, thermal shielding, and encapsulated O-rings.

IPS has an inventory of more than 6,000 custom tools that are used to produce more than 12,000 components, including thousands of propriety designs, which are sold to more than 1,100 customers. Company-owned brands include Rubbercraft, Sanders Composites, NES, Creavy Seal and Fabritech.

IPS, led by CEO Rich McManus, is headquartered in Long Beach, California with an additional manufacturing facility in Sheffield, United Kingdom.

“Rod and his team have built a remarkable group of companies that serve very attractive markets with technologies and products that are complementary to IPS,” said Mr. McManus. “We are delighted that both Rod and Casper Zublin, the president of IRP, have agreed to continue as senior advisors for Arcline and IPS so we can draw from their deep expertise.”

“IRP has found an ideal partner in IPS that will continue the company’s growth trajectory in our critical markets while developing our employees and delighting our customers with strong technical solutions, excellent delivery and quality performance,” said Mr. Trujillo. “As a senior advisor and an investor in IPS, I look forward to supporting the company’s future business expansion, especially in the specialty medical components sector.”

Arcline makes control investments in companies that have from $10 million to $100 million of EBITDA and enterprise values of up to $1 billion. Sectors of interest include defense and aerospace; infrastructure services; industrial and medical technology; life sciences and specialty materials. The firm closed its second fund earlier this month with total capital commitments of $2.75 billion. Arcline was founded in September 2018 and has offices in San Francisco and New York.

William Blair was the financial advisor to Arcline on this transaction.

© 2021 Private Equity Professional | February 19, 2021

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