Ideal Tridon Holdings, Inc., a portfolio company of Snow Phipps Group, has 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.
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.
About Snow Phipps Group — Snow Phipps is a private equity firm focused on lower middle-market control investments with USD $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.
Image courtesy of Campbell Fittings.