Nautic Portfolio Company IPS Acquires Integra Adhesives – 5th Acquisition for IPS since February 2015

Providence, RI

IPS Corporation (“IPS”), a global manufacturer of specialty adhesives, solvent cements, and specialized plumbing products based in Compton, CA, announced today that it has acquired Integra Adhesives (“Integra”) from its founder and President, Doug Turner, and its shareholders.  IPS is a portfolio company of Nautic Partners VII, L.P. and Nautic Partners VII-A, L.P. (collectively, “Nautic VII”), which partnered with management to acquire IPS in February 2015.

Headquartered in Abbotsford, British Columbia, Integra is a leading innovator and manufacturer of specialty adhesives used to permanently bind engineered stone, natural stone, quartz, and solid-surface building products and interior finishes such as countertops.  Its products are largely methacrylate, epoxy, and polyurethane-based.  Integra’s business has grown rapidly over the past five years, driven by its market leadership position and by the increasing use of engineered stone for countertops due to its attractiveness, durability, and stain resistance.

Integra is the 5th acquisition IPS has completed since it became a Nautic VII portfolio company in February 2015.  Integra has joined IPS’ SCIGRIP division, which is itself a market leader in methacrylate-based specialty adhesives for countertop materials, boat/marine components, outdoor signs, and in-store trade displays.

Tracy Bilbrough, CEO of IPS, said, “We have tremendous respect for Integra and Doug Turner, who has built Integra’s #1 position in engineered-stone adhesives through constant innovation and an unwavering commitment to product quality and customer service – both of which are values central to our philosophy at IPS.”

John Reeves, President of the SCIGRIP division of IPS, said, “We are excited to welcome Integra into the IPS family and to continue Integra’s tradition of excellence in quality, R&D, and service.  Together with Integra, we will be even better positioned to serve our valued customers and improve our product offerings to the structural and specialty adhesives marketplace.”

 About IPS

 Established in 1954 and headquartered in Compton, CA, IPS Corporation is a trusted leader in adhesives, solvent cements, and numerous components and supplies for the plumbing, construction and plastic fabrication industries.  IPS’ core brands include WELD-ON®, WATER-TITE®, TEST-TITE®, GUY GRAY™, TRUEBRO®, STUDOR®, and SCIGRIP®, and its quality products are manufactured with proven formulation and design using state-of-the-art equipment and manufacturing techniques.  IPS Corp. has operations throughout the United States, Europe, and Asia, along with a worldwide network of sales representatives and distributors.

Certain statements about Nautic made by portfolio company executives herein are intended to illustrate Nautic’s business relationship with such persons, including with respect to Nautic’s facilities as a business partner, rather than Nautic’s capabilities or expertise with respect to investment advisory services. Portfolio company executives were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities and/or investors in Nautic-sponsored vehicles. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein.