TruArc Partners has sold Ideal Tridon, a manufacturer of fastening, sealing, and support systems, to Nautic Partners.
Ideal Tridon produces hose clamps, pipe supports, couplings, fittings, and strapping for industrial applications and serves customers in various sectors like HVAC, plumbing, agriculture, automotive, and industrial manufacturing.
During its ownership by TruArc, Ideal Tridon completed multiple add-on acquisitions and experienced growth through product innovation, operational excellence, and strategic acquisitions.
The industrial fasteners industry, where Ideal Tridon operates, is expected to see steady growth driven by infrastructure investments and demand for customized, engineered parts as per a report by Grand View Research.