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.
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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.
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.”
Rick Stepien, CEO of Ideal Tridon Group, said, “Ideal Tridon has undergone a remarkable transformation in recent years, expanding our product portfolio, global footprint, and operational capabilities. Through 15 strategic acquisitions across faster growing segments, we have diversified into new markets such as semiconductor, data centers, pharmaceutical, food & beverage manufacturing, aerospace, renewable energy, and infrastructure. The electrical segment now represents our largest application set. We lead with application knowledge and engineering expertise and have supported our customers by adding new products to our portfolio including hygienic flow control components, EV battery cooling components, custom hose and fittings, and customized metal and fiberglass support systems. However, the values that define us – our dedication to quality, service, and innovation – remain unchanged. With Nautic’s support, we are eager to accelerate our trajectory and continue delivering exceptional value to our customers.”
Guggenheim Securities, LLC and McDermott Will & Emery LLP represented Nautic in the transaction. MidCap Financial Services, LLC led the financing for the transaction and Simpson Thacher & Bartlett LLP served as financing legal counsel to Nautic. Lincoln International, Harris Williams, and Weil, Gosthal, & Manges LLP advised TruArc Partners.
About Ideal Tridon
Ideal Tridon Group is a global leader in engineered joining and support solutions, offering a broad range of clamps, brackets, strapping, fittings, couplings, and hose connections through a portfolio of trusted brands. With manufacturing and distribution operations across North America, Europe, and Asia, the company supports customers in industrial, commercial, and infrastructure markets worldwide. Learn more at www.idealtridongroup.com.
About Nautic Partners
Nautic Partners is a Providence, Rhode Island-based middle-market private equity firm that focuses our expertise and market knowledge on sub-verticals within three sectors: Healthcare, Industrials and Services. Nautic has completed over 160 platform transactions throughout our 38-year history. In pursuing our thematic and proactive investment strategy, we seek to partner with executives and management teams in an effort to accelerate the growth trajectory of our portfolio companies via acquisitions, targeted operating initiatives, and increased management team depth. For more information, please visit www.nautic.com.
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Contacts
Nautic Partners, LLC
Allan Petersen
Managing Director, 401.278.6770