Mirus Advises IPC Global Solutions on its Sale to Premium Guard and Trive Capital
Mirus Capital Advisors is pleased to announce that it served as exclusive financial advisor to IPC Global Solutions, a leading provider of branded and private label filtration products to the automotive aftermarket, in its sale to Premium Guard Inc. As part of the transaction Trive Capital provided a structured capital solution to Premium Guard to fuel the combined business’s ongoing high pace of growth. Terms of the transaction were not disclosed.
Founded in 1986 and headquartered in West Bridgewater, Massachusetts with a distribution center in Grove City, Ohio, IPC Global Solutions provides a full line of filtration products to the automotive aftermarket through its ECOGARD brand and private label offerings. IPC supplies products to automotive aftermarket retailers, quick lube service centers, wholesale distributors, and e-commerce channels.
Mike A. Bowden, EVP and Chief Development Officer at IPC Global Solutions, said, “Both PGI and IPC have celebrated a rich history in the automotive filtration market, and we are very excited to join forces together in a quest to deliver more value to our customers.” Anan Bishara, CEO of Premium Guard, said, “This is a new chapter in PGI’s history. We competed with IPC for the last 26 years, which has pushed both companies to raise the ceiling and flourish… We are excited to combine forces with IPC to provide the aftermarket with industry-leading service, complete solutions, best-in-class quality products, and leading application coverage at a greater scale.” Brad Wiginton, Managing Director at Trive, added, “The addition of IPC strengthens the Company’s position as a leading filtration supplier, expanding Premium Guard’s customer base and portfolio of brands, while adding to the Company’s distribution facility footprint. Trive looks forward to providing capital and operational support to enable the Company to accelerate growth and build scale alongside its management team.”
Mike C. Bowden, IPC’s founder and CEO, praised Mirus’s guidance and management of the sale process, saying “It was a pleasure working with Mirus as we worked our way through this process. The Mirus team did a superb job of leading us and advising us along the way as we passed through unfamiliar territory.” Mirus partners Andrew Crain and Alan Fullerton said, “We congratulate IPC’s stockholders on building a successful business over 35 years through their sourcing, supply chain, and brand-building expertise. We’re pleased that Premium Guard and Trive recognized the value of these accomplishments, and we’re proud to have worked with the IPC leadership team to achieve this successful outcome.”
About Mirus Capital Advisors
Successful business owners have turned to Mirus Capital Advisors for more than 30 years to help them realize their ultimate accomplishment – the sale of their business. As a mid-market investment bank focused on mergers and acquisitions, Mirus drives successful deals for companies in the industrial, consumer products, healthcare, business services, and technology sectors. Mirus has proven time and again that its deep industry expertise, focus on relationships, thorough preparation and unwavering commitment to every deal lead to meaningful accomplishments for business owners. For more, visit www.merger.com.Back to Transactions