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SALE OF HYDRA-ZORB COMPANY

IDEAL TRIDON GROUP HAS ACQUIRED HYDRA-ZORB COMPANY


Birmingham, Michigan – June 30, 2020 – Angle Advisors is pleased to announce that Hydra-Zorb Company (“Hydra-Zorb”) has joined ZSi-Foster, Inc. (“ZSi-Foster”), an Ideal Tridon company. Angle Advisors acted as the exclusive investment banking advisor to Hydra-Zorb and owner Bob Dodge in completing this transaction. Angle Advisors would also like to thank John Crowe and Rick Rassel from Williams, Williams, Rattner & Plunkett (www.wwrplaw.com), legal advisors to Hydra-Zorb, and Rich Keil and Lori Wilson from Keil & Associates, accounting advisors to Mr. Dodge.


Founded in 1972, Hydra-Zorb has been the leader in the strut mounted clamp market for 50 years, offering a wide variety of pipe support and protection solutions when shock, vibration, and corrosion are a problem. Known as the originator of the cushion clamp assembly, Hydra-Zorb has since expanded their product line to include specialized couplings, pipe saddles, riser clamps, and HVAC mounting accessories.  For more information, please visit www.Hydra-Zorb.com.


Owner and CEO, Bob Dodge, commented on the transaction, “The Hydra-Zorb organization is excited to combine with ZSi-Foster and Ideal Tridon. This transaction combines our deep industry and product knowledge with that of ZSi-Foster and Ideal Tridon and provides our customers with complementary brands that represent the best clamp, pipe, hose support, and HVAC accessory products available on one comprehensive platform. The combination will bring new jobs and expansion of our manufacturing operations in Michigan.”


Ideal Tridon, a portfolio company of Snow Phipps Group, is a Smyrna, TN based global designer and manufacturer of stainless steel and specialty clamps for a broad range of fastening and sealing applications.  “We have great respect for the Hydra-Zorb organization. Their strong products and commitment to quality and service align well with the Ideal Tridon mission,” said Rick Stepien, CEO of Ideal Tridon. “Their innovation with the original Hydra-Zorb clamp and Klo-Shure insulation clamp along with recent product additions designed for the high growth mini-split market is a testament to their vision. Together with ZSi-Foster and the companies in the Ideal Tridon Group, we now offer our customers a complementary and expansive range of the top clamping, hose and pipe support products in the world. We could not be more excited about the future.” For more information, visit www.idealtridon.com and www.ZSi-Foster.com.

Snow Phipps is a private equity firm focused on lower middle-market control investments with $2.4 billion of total capital commitments raised since its founding in 2005. The firm generally focuses on companies in attractive sub-sectors across the Industrials, Services, and Consumer industries and targets platform investments with enterprise values ranging from $100 million to $500 million. The Snow Phipps investment team collaborates with its Operating Partners and portfolio management teams to create value through an operationally focused strategy often led by organic or acquisition-driven growth. To learn more about Snow Phipps, visit www.SnowPhipps.com.


Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising. Since its founding, Angle Advisors has focused on securing exceptional outcomes for exceptional owners.  The firm’s professionals have completed 222 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. Cliff Roesler, a Managing Director at Angle Advisors, had previously sold ZSI for owners Kris Weger and Ed Cady when ZSI transitioned from private ownership to private equity ownership. Mr. Weger continued to run ZSI for many years, successfully acquiring Foster, Inc. during his tenure as CEO.  For additional information, please visit www.angleadvisors.com.

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