Announced
Completed
Financials
Tags
Majority
Computer Hardware
Acquisition
Private Equity
Friendly
United States
Completed
Single Bidder
Private
Fabricated Metal & Hardware
Synopsis
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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