Snow Phipps Group has announced that it has completed its acquisition of Ideal Tridon Holdings, Inc. from Industrial Growth Partners. Headquartered in Smyrna, Tennessee, USA, Ideal-Tridon is a leading global engineering solutions designer and manufacturer of stainless steel worm gear and specialty clamps and couplings for industrial, heavy duty, plumbing, irrigation, marine and automotive applications.
Snow Phipps will partner with the existing Ideal-Tridon management team led by CEO Michael Reese. Snow Phipps Operating Partner Jay Twombly will join Ideal-Tridon as the non-executive Chairman of the Board of Directors. Mr. Twombly formerly served as Chairman of Boyd Corporation and currently serves as Chairman of Winchester Electronics.