Integrated Polymer Solutions (IPS), a portfolio company of Arcline Investment Management, has announced the acquisition of Icon Aerospace Technology, a manufacturer of products used on aerospace platforms, the company said.
Icon designs and manufactures custom, highly-engineered polymer components, including engine seals, fabric-reinforced seals, hoses and rubber-to-metal bonding solutions for the aerospace and defense end-markets. The transaction adds a third AS9100-certified facility for IPS, located in Retford, United Kingdom.
The acquisition broadens IPS´ design and manufacturing capabilities.
Houlihan Lokey served as financial advisor to IPS in connection with the acquisition.
Integrated Polymer Solutions is in designing and engineering elastomeric components and tools for aerospace, military, biopharma and specialty industrial markets. The company´s products utilize advanced materials designed to exceptionally tight tolerances for high-performance applications.