IPS Corporation sold to Sherman Capital Holdings

For Immediate Release
Contact: Kariann Holland
Phone: 901-850-7145
kariann.holland@ipscorp.com

News

IPS Corporation sold to Sherman Capital Holdings

Collierville, Tenn., Nov 8, 2016 — IPS Corporation has announced that Sherman Capital Holdings LLC, a private investment firm, has purchased the company from Nautic Partners LLC, a private equity firm that had been the prior owner for nearly 3 years.. IPS is a global manufacturer of specialized, highly engineered industrial products serving diverse industrial, commercial, and residential end markets. With a buy and hold investment strategy, Sherman Capital will focus on IPS’ long term growth and operational efficiency.

Tracy Bilbrough, Chairman and CEO of IPS, said, “Looking forward, we are extremely excited about our new ownership and structure. This transaction will offer IPS the support necessary to continue to grow our businesses at an above market pace, through both investments in our existing operations and continuing our successful track record of strategic acquisitions. Our customers and suppliers will not experience any change from this transaction in day-to-day interactions with our company, or on how we will continue to focus on our customers, our products, and on delivering continued operational excellence.”

Selling through the professional trade channel, IPS is a market leader in multiple product categories including solvent cements, structural adhesives, specialty plumbing, and roofing products. Across all lines of business, IPS’ products reliably deliver the exacting performance characteristics required by their end applications, resulting in significant loyalty among trade professionals and leading positions in all of IPS’ key markets.


About IPS Corporation
IPS® Corporation is a leading manufacturer of plumbing and roofing products, solvent cements, and adhesives for residential, commercial, and industrial use. Across all of our brands and product lines, our promise is to provide innovative, reliable products and exceptional service. IPS is headquartered in California, and has operations throughout North America, Europe, and Asia, and a worldwide network of sales representatives and distributors. More information is available atwww.ipscorp.com.

About Sherman Capital Holdings LLC
Sherman Capital Holdings is the private investment arm of George M. Sherman’s family office, Cypress Group LLC. Sherman Capital employs a long-term, buy and hold investment strategy with a focus on growth and operational efficiency. For more information, please visit www.cypressgroupllc.com.

 
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