- Ipotec was founded and operated by Alan Randle who will remain during the transition
- Ipotec serves various markets that include industrial, semiconductor, automotive, aerospace and medical
- ACP manages $775 million in committed capital, according to the private equity firm
Marco Rubber & Plastics, a portfolio company of Align Capital Partners, has acquired New Hampshire-based Ipotec, a provider of rubber products. No financial terms were disclosed.
Headquartered just a few miles from Marco’s headquarters in Exeter, New Hampshire, Ipotec services over 2,600 global customers. Ipotec was founded and operated by Alan Randle who will remain involved to ensure a successful transition.
On the new add-on acquisition, Marcos CEO Marty Daley said in a public statement: “Ipotec’s technical product lines, expertise in answering challenging application requirements and an unwavering commitment to quality systems are a perfect fit for us. Acquiring Ipotec expands our sourcing capabilities and strengthens our already broad offering of products and services. I look forward to working with Alan and the rest of the Ipotec team as we move forward together.”
ACP acquired a majority stake in Marco Rubber & Plastics in February 2020 and has since completed three strategic add-ons. ACP Managing Partner Chris Jones, Operating Partner Bill White, Principal Matt Iodice and Senior Associate Walker Tiller worked alongside Marco Management on the transaction.