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Burlington,
MA., Axia Partners today announced that it led a $1,000,000 buy-out, along with
management, of the BuTech Pressures Systems machining business of Haskel
International, a division of United Technologies Corporation and formed a new company,
Innovative Pressure Technologies, LLC (IPT).
IPT is a
leader in the design, manufacture and marketing of industrial valves and related
flow devices. Utilizing proprietary manufacturing techniques from its over 300
collective man years’ experience, its products provide highly reliable and
accurate flow control devices and components for a number of industrial markets
and applications. IPT has achieved a leading position in the industrial pressure valve
markets, primarily by focusing on providing complete value added solutions to
its customers on a cost-effective basis. These valve products are sold to a
broad range of customers for a variety of applications in diverse end markets,
such as oil and gas exploration equipment, process control, power generation and fluid power.
“Axia
is excited about working with a re-energized management team to leverage the 300
plus years of experience and significantly grow the company to a different
level” stated Peter A. Hunter, Managing Director of Axia Partners. “We expect to significantly increase revenues over the next several years and we
already have the building blocks to grow upon.”
“We are
pleased to be partnering with Axia Partners”, commented Jeff Shuman, President
of IPT. “Axia’s general partners participation to date has been instrumental in
completing this buy-out and we have great confidence that they will add
significant value to IPT.”
About Axia Partners
Axia Partners (www.axia-partners.com)
is a private equity investment and advisory firm that is dedicated to increasing
the equity value of our portfolio companies and clients through active
participation that leverages the operational experience and in-depth market
knowledge of our General Partners.
About
Innovative
Pressure Technologies, LLC
(IPT)
IPT (www.inpressure.com.com)
designs and manufacturer high precision, highly reliable industrial valves and
fluid control devices and components for OEM and end-user applications.
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