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New Deal


Announced

Completed

Ideal Tridon completed the acquisition of ZSi Foster from Pfingsten Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Computer Hardware

Acquisition

Private Equity

Friendly

United States

Completed

Single Bidder

Private

Fabricated Metal & Hardware

Synopsis

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Ideal Tridon, a global engineering solutions designer and manufacturer of stainless steel and specialty clamps and a portfolio company of Snow Phipps Group, completed its acquisition of ZSi Foster, a manufacturer and supplier of clamping and coupling devices and strut housing products, from Pfingsten Partners, an operationally focused private equity firm. Financial terms were not disclosed. "We are extremely excited that ZSi-Foster is now part of the Ideal Tridon family. Both Ideal and ZSi-Foster have long track records of providing highly engineered products and differentiated service to their customers. We expect to deepen our customer relationships with a more expansive product offering, delivered with the high level of quality and service they expect from us," Michael Reese, Ideal Tridon CEO.

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