Industrial Growth Exits Cambridge

Industrial Growth Exits Cambridge

cambridge nf1Industrial Growth Partners (IGP) has sold Cambridge International to Rexnord Corp. at a total transaction value of $210 million. This transaction closed on June 1, 2016.

cambridge n f22Cambridge, acquired in April 2012 by IGP, manufactures woven metal products used in conveyor applications for companies that operate in the food processing, packaging, filtration, and industrial sectors. The company’s woven metal mesh products are also used in architectural applications. In November 2014, Cambridge acquired Vace Internacional, a provider of woven metal mesh belting to companies operating in the Mexican and Latin American food processing and industrial markets. Cambridge is led by Tracy Tyler, President and CEO, and is headquartered in Cambridge, MD (

“Industrial Growth Partners thinks and acts like operators, not just investors, and encouraged us to aggressively pursue a program of strategic investments not only to ensure the long-term success of our business, but also to ensure that the core values that have been synonymous with Cambridge for over 100 years remained intact,” said Mr. Tyler.

IGP NF2Industrial Growth Partners provides equity capital to lower-middle market manufacturing and manufacturing services companies with revenues of $30 million to $100 million. The firm invests in management buyouts, leveraged buyouts, corporate divestitures, recapitalizations and management buy-ins. IGP was founded in 1997 and is based in San Francisco (

Rexnord is comprised of two operating divisions; Process & Motion Control which designs, manufactures, markets and services highly-engineered mechanical components used within complex systems; and Water Management which designs, manufactures and markets products that provide for water quality, safety, flow control and conservation. Rexnord has approximately 7,700 employees and is headquartered in Milwaukee (

© 2016 Private Equity Professional • 6-10-16

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