Industrial Growth Partners acquires Cambridge
Industrial Growth Partners, together with management and other investors, has acquired Cambridge Intl. Inc., Cambridge, Md., a manufacturer of metal conveyor belts and related woven metal mesh products.
The transaction structure creates a platform for Cambridge to accelerate its growth in its core metal conveyor belt market, expand its presence in its architectural and environmental product lines, enhance its international market position, and pursue selective acquisition opportunities, according to the company.
IGP is a San Francisco-based private equity investment firm with more than $1.3 billion in capital under management. The firm invests exclusively in middle-market companies in the manufacturing sector in partnership with management.