Nautic Partners is pleased to announce that, in partnership with management, it has closed the acquisition of Ideal Tridon Group (“Ideal Tridon”) from TruArc Partners.
Headquartered in Smyrna, TN with additional facilities globally, Ideal Tridon is a scaled manufacturer of engineered components used to secure, support, and connect the movement of fluids, air, and electricity in critical applications. The company has a broad product portfolio of leading brands with more than 60,000 SKUs and an expansive base of over 20,000 customers.
Ideal Tridon’s products are ubiquitous in commercial and industrial facilities and infrastructure. They include engineered clamps, brackets, fittings, metal framing systems, couplings, industrial hose connections, and hygienic flow control components used in diverse applications such as electrical wiring, HVAC, liquid cooling, process manufacturing, facility automation, power and emissions systems, and water/wastewater management.
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Chris Pierce, Managing Director at Nautic, said, “We are thrilled to partner with Ideal Tridon, a business with a strong leadership team, an outstanding reputation, and attractive growth potential. We look forward to supporting the next chapter of their success. We are also excited to add another investment to our engineered products portfolio within Nautic’s Industrials group. We view Ideal Tridon as a great fit for our thematic focus in several engineered component subsectors including electrical products, flow control, and facility automation, with exposure to many of the high growth markets we proactively target.”
Andrew Brewster, Principal at Nautic, added, “Ideal Tridon is a highly diverse and resilient business led by a growth-oriented management team that has done a terrific job moving the business into attractive markets and taking share in recent years. The company designs and manufactures components that are relatively low cost but critical parts of complex systems making connections in manufacturing plants, commercial facilities, infrastructure, and industrial equipment. We believe there is still significant runway for organic growth and an opportunity to further broaden the company’s leading brand portfolio through add-on acquisitions.”
SOURCE: Businesswire