San Francisco, CA - Industrial Growth Partners, in partnership with management, has acquired Royal Die & Stamping (RDS).
Headquartered in Carol Stream, Illinois, RDS is a leading supplier of high-precision, critical electrical connectivity components for automotive and industrial applications. The Company designs and manufactures a broad portfolio of battery terminals, eyelet terminals, fuse components and lead frames, amongst other electrical connectivity-focused products, using complex alloys. RDS is distinguished within the industry by its custom design and engineering expertise, vast library of proprietary products and exceptional quality and customer service. The Company is poised to benefit from secular trends driving more electrical content in automobiles, which have enabled it to outperform its core end markets over the past decade.
"IGP's deep experience in the manufacturing sector and over twenty years of experience in helping family-owned businesses like Royal successfully transition to private equity-backed companies made the firm an ideal equity partner for us," commented Erik Freitag, President of RDS. "We look forward to leveraging the firm's expertise to strengthen our position in our core markets and to help expand our business globally and into new markets. We think IGP will be a great partner and steward of the business through the next phase of our journey."
Acquisition Details. On April 21, 2017, Industrial Growth Partners V, L.P., in partnership with management, acquired RDS, marking the fourth platform investment for IGP's fifth fund. The transaction creates a platform for RDS to accelerate growth in the global automotive market, expand into adjacent markets and pursue selective global acquisition opportunities. The acquisition is an attractive fit with IGP's strategy of investing in niche industrial companies with leading market positions and significant growth opportunities. To learn more about RDS, please visit www.royaldie.com.
Industrial Growth Partners, founded in 1997, is a San Francisco-based specialist private investment partnership with $2.2 billion of equity capital raised since inception. The firm invests exclusively in middle-market companies in the industrial sector in partnership with management teams.