Transaction Overview
- Represented Des-Case Corporation (“Des-Case” of the “Company”), a portfolio company of Pfingsten Partners (“Pfingsten”), in its sale to Industrial Growth Partners (“IGP”).
- Des-Case is a leading global manufacturer of specialty filtration and contamination control products that improve process equipment reliability and extend lubrication life for industrial equipment and operations.
Key Observations
- Pfingsten was looking to provide liquidity to stock holders after two successful add-on acquisitions and Des-Case was seeking a partner to support the next phase of its growth strategy.
Drivers of Interest
- Impressive high-margin, recurring revenue profile driven by consumable products.
- Comprehensive portfolio of high-value-add, specialty filtration solutions for critical applications.
- Growing adoption rate and increasing installed base.
- Significant diversity across customers, markets, channels-to-market and geographies.
- Globally recognized brand with industry-leading reputation.
- Established acquisition platform with a multi-faceted growth profile.
- Engineering-driven model with industry-leading new product development capabilities.