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ISPC has
manufacturing and distribution facilities in 15 countries, primarily in Europe and North America. The company employs 1,900
people worldwide. Eventually, up to 30 professionals will be located at its new corporate headquarters in Golden, CO. The
company is privately owned by an investor group ...
ISPC has
manufacturing and distribution facilities in 15 countries, primarily in Europe and North America. The company employs 1,900
people worldwide. Eventually, up to 30 professionals will be located at its new corporate headquarters in Golden, CO. The
company is privately owned by an investor group led by Bard & Co., Inc. of Evergreen, CO.
"Surface Preparation was
a non-core business unit of USFilter," said Robert Joyce, president and COO for ISPC. "Taking the industry's greatest collection
of products and talent, and combining them with our plans for technology and service development creates an opportunity to
deliver significant value to customers."
"We are delighted to be involved in the management and ownership of this technology
leader, which is a service provider to some of the largest aerospace, automotive, construction and transportation manufacturers
in the world," said Richard Bard, ISPC CEO. "Through this acquisition, ISPC holds the world's largest and most respected brand
names in surface preparation and finishing of manufactured products and component parts.
"However, in our new status
as an independent company, ISPC's sole focus will be to enhance our technology and service offerings to our customers," said
Bard. "We have already begun the process of adding significant capital commitments and human resources to fuel growth and
take advantage of an improving global economy."
Bard's previous operating ventures include NASDAQ-traded Optical Security
Group (now Applied Optical Technologies) and three former NYSE-traded companies (FoxMeyer Corporation, Coast-to-Coast Hardware
and ComputerLand Corporation.) He is currently chairman of the Federal Reserve Bank of Kansas City. Bard and his wife, Pam,
endowed the Bard Center for Entrepreneurship Development at the University of Colorado at Denver.
Other investors
in ISPC include New York-based The GlenRock Group, LLC, a private equity investment firm founded by ISPC Director, Lawrence
C. Graev; Atlantic Equity Partners III, LP, an affiliation of First Atlantic Partners, founded by Roberto Buaron; and Dallas-based
Hunt Capital Group Fund II, LP, an affiliate of the Lamar Hunt family.
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