River Associates has sold Double E Group to Industrial Growth Partners
Double E Group
Double E Group is a market-leading manufacturer of mission-critical components and material handling products for web converting applications. The company offers highly engineered solutions to more than 10,000 end user and original equipment manufacturer customers worldwide through its premier brands. Double E Group’s products are utilized in a broad set of end markets that produce the necessities of day-to-day life, including converting, corrugating, flexible packaging, woven and nonwovens, paper, tissue and printing. The company partners with its customers to solve their most pressing challenges, enabling customers to increase production throughput, improve operator safety, enhance product quality, automate production processes, maximize machine uptime and reduce repair and maintenance costs.
The Deal
Industrial Growth Partners (IGP) was attracted to Double E Group’s market leadership position, strong management team, differentiated engineering capabilities and aftermarket focus. Lincoln International’s deep understanding of Double E Group’s unique platform attributes, global buyer relationships and precise execution expertise led to an exceptional outcome. The terms of the transaction were not disclosed.
Mike Brookshire, Partner at River Associates, commented, “Lincoln’s thoughtful positioning, detailed process management and the tireless support from each member of the deal team yielded a great outcome for River Associates and the company.”
Our Perspective
Ben Farris, Managing Director in Lincoln’s Industrials Group, stated, “Double E Group is a market leader and truly differentiated. The company’s deep applications engineering capabilities, unique go-to-market strategy and talented management team create a differentiated value proposition for customers across a diverse set of durable end markets. This, combined with a proven track record of organic and acquisition growth, makes Double E Group an ideal platform for long-term growth and value creation, particularly in the current market environment.”
River Associates
Founded in 1989, River Associates is a lower-middle market private equity firm based in Chattanooga, Tennessee. River partners with companies in the manufacturing, distribution, industrial services and business services industries. For more information, please visit www.riverassociates.com
Industrial Growth Partners
Founded in 1997, IGP is a San Francisco-based specialist private investment partnership with $2.2 billion of equity capital raised since inception. The firm invests exclusively in middle market companies in the industrial sector in partnership with management teams. For more information, please visit www.igpequity.com.
Lincoln did an excellent job representing our business throughout the entire process. Their team worked closely with ours to understand what differentiates Double E Group in the market and utilized their experience to bring that out in the materials and drive a competitive process. We are excited to have found such a strong partner in IGP and could not have done so without Lincoln's efforts.
Meet our Senior Team
View More Transactions in Industrials
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.