Ideal Tridon Holdings, Inc., a portfolio company of Snow Phipps Group, announced today that it has completed the acquisition of ZSi-Foster Acquisition Corporation, Canton, Michigan, from Pfingsten Partners. Terms of the transaction were not disclosed.
ZSi-Foster is a specialty manufacturer and supplier of pipe, hose and conduit support and fastening solutions including clamps, strut and strut fittings, and hydraulic and pneumatic hose fittings, across a diverse range of end markets. Combining Ideal Tridon’s broad portfolio of specialty clamp and fitting products with ZSi-Foster will allow both companies to bring more solutions to their customers, delivered with the highest level of service, engineering support and quality. The ZSi-Foster management team will continue to hold key positions within the combined company to further ensure that Ideal Tridon continues to meet and exceed the needs of its customers.
Weil Gotshal & Manges LLP served as legal counsel to Snow Phipps in the transaction. Lincoln International LLC and BlackArch Partners, LLC served as financial advisors to Ideal Tridon and ZSi-Foster, respectively.