Ideal Tridon Holdings, Inc., a portfolio company of Snow Phipps Group, announced that it has completed the acquisitions of Clamp S.r.l. and Campbell Fittings, Inc.
Headquartered in Milan, Italy, Clamp is a manufacturer and distributor of clamps for the industrial aftermarket in Europe. The acquisition provides Ideal-Tridon with a broad clamp product offering and strong customer base that Ideal-Tridon will leverage to grow its European aftermarket clamp business. The prior majority owner and leader of Clamp, Matteo Giuffrida, will continue to lead the sales efforts of the business.
Campbell Fittings, headquartered in Boyertown, Pennsylvania, manufactures various fittings and couplings that are used in the industrial hose and water well industries. The acquisition of Campbell Fittings establishes Ideal-Tridon's expansion into the highly complementary and adjacent industrial hose connection market. Campbell Fittings' prior owners and existing management team, President Tom Paff and Chief Financial Officer Joe McGlynn, will continue to lead the business.
"We are extremely excited to partner with two outstanding management teams to expand the Ideal-Tridon platform and continue our growth trajectory," said Michael Reese, CEO of Ideal-Tridon. "Both Clamp and Campbell Fittings have long track records of providing highly engineered products to their customers, and we look forward to leveraging our existing capabilities and product offerings to support their continued success in the marketplace."
John Pless, Partner at Snow Phipps, said: "The Clamp and Campbell Fittings transactions demonstrate Ideal-Tridon's ability and willingness to acquire high-quality businesses that operate in complementary geographies or product segments. We welcome the addition of the Clamp and Campbell Fittings teams to Ideal-Tridon."
About Ideal-Tridon Ideal-Tridon is a leading global engineering solutions designer and manufacturer of stainless steel and specialty clamps for a broad range of fastening and sealing applications across diverse end markets. Headquartered in Smyrna, Tennessee, Ideal-Tridon sells IDEAL-TRIDON® brand products to Original Equipment Manufacturers (OEMs) and to Replacement Market warehouses, distributors and retail businesses. IDEAL®, TRIDON® and IDEAL-TRIDON® brands are manufactured and distributed globally from facilities in North America, Europe and Asia. For more information about Ideal-Tridon, visit www.idealtridon.com.
About Snow Phipps Group Snow Phipps is a private equity firm focused on lower middle-market control investments with $2.4 billion of total capital commitments raised since its founding in 2005. The firm generally focuses on companies in attractive sub-sectors across the Industrials, Services and Consumer industries and targets platform investments with enterprise values ranging from $100 million to $500 million. The Snow Phipps investment team collaborates with its Operating Partners and portfolio management teams to create value through an operationally focused strategy often led by organic or acquisition-driven growth. Snow Phipps has made 23 platform investments and over 45 add-on acquisitions. To learn more about Snow Phipps, visit www.snowphipps.com.
