IGP Adds to Filtration Platform

IGP Adds to Filtration Platform

Des-Case Corporation, a provider of contamination control products used in the industrial lubricants industry, has acquired RMF Systems. Des-Case has been a portfolio company of Industrial Growth Partners since July 2016 when it was acquired from Pfingsten Partners.

Des-Case manufactures desiccant breathers – specialty filtration products that strip the surrounding air of contaminants – both moisture and dirt – to keep lubricants running clean and dry. The company also provides other types of filtration systems, fluid handling products, and products to assist with visual oil analysis. The company primarily sells through distributors and to OEMs (including private-label programs) but also sells some products directly to end users. Des-Case, led by CEO Brian Gleason, was founded in 1983 and is headquartered north of Nashville in Goodlettsville, TN (www.descase.com).

RMF Systems is a provider of desiccant breathers, filtration systems, analysis and monitoring products that are used to maintain hydraulic oil and lubricant cleanliness. The company is headquartered near Rotterdam in Waddinxveen, The Netherlands (www.rmfsystems.com).

“This combination represents a unique opportunity to establish a market leader in both North America and Europe,” said Mr. Gleason. “We look forward to combining our respective strengths, decades of experience, complementary products and business relationships to provide world-class results for our customers.”

Industrial Growth Partners invests in North American-based manufacturing and manufacturing services companies that have histories of profitability and revenues of up to $250 million. The firm was founded in 1997 and is based in San Francisco (www.igpequity.com).

© 2018 Private Equity Professional | April 11, 2018

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