Private equity has invested in Des-Case 2013, when Pfingsten Partners, L.L.C. first acquired the company. “We have enjoyed being a part of Des-Case’s growth journey the past several years and are excited for their new opportunity with IGP,” said a representative from Pfingsten. “The Des-Case story is an exceptional one and we will continue to follow their progress and see what great things are in store for them.”
Des-Case was founded in 1983 when it brought the first desiccant breather to market. Now, it manufactures an array of specialty filtration products to improve process equipment and extend lubricant life for industrial plants worldwide. The company’s solutions result in lower operating costs, environmental benefits, fewer repairs, and improved plant operations. Des-Case’s trademarked and patented solutions are marketed through an extensive global distribution network, private label distributors and OEM partners.
“I am honored and excited to be a part of writing the next chapter in the Des-Case growth story alongside our valued customers, partners and investors,” said Brian Gleason, president and CEO at Des-Case Corporation. “IGP has over two decades of experience investing in the industrial sector with a proven track record of building world- class global businesses. We are looking forward to the partnership.”
The transaction was completed on July 6, 2016. The management team retained a significant ownership stake in the company. For more information on Des-Case, visit www.descase.com.