Integrated Polymer Solutions (IPS), a portfolio company of Arcline Investment Management, today announced that it has acquired IRP Group. IPS designs and engineers elastomer components and tools for the aerospace, military, medical and specialty industrial markets. IRP designs and manufacturers highly engineered critical-to-function elastomeric sealing components.
Based in Long Beach, CA, IRP has the scalable infrastructure to support high-growth platforms and is focused on both the rapidly expanding Class I and Class II medical device market as well as aerospace and defense, said the announcement.
"IRP has found an ideal partner in IPS that will continue the company's growth trajectory in our critical markets while developing our employees and delighting our customers with strong technical solutions, excellent delivery, and quality performance," said Rod Trujillo, founder and CEO of IRP. "As Senior Advisor and significant investor in IPS, I look forward to supporting the company's future business expansion, especially in the specialty medical components sector."
Rich McManus, CEO of IPS, commented: "Rod and his team have built a remarkable group of companies that serve very attractive markets with technologies and products that are complementary to IPS. We are delighted that both Rod and Casper Zublin, President of IRP, have agreed to continue as Senior Advisors for Arcline and IPS so we can draw from their deep expertise. We look forward to supporting the IRP leadership team with resources and investments to continue developing new products and capabilities."
William Blair acted as financial advisor to Arcline, a private equity firm that invests in thriving middle-market businesses with structurally recurring revenue streams in high-value industries.