Arcline Investment Management, a private equity firm based in California, has recently acquired International Water-Guard (IWG), a Canadian company that specializes in designing and manufacturing water treatment systems for aviation and marine industries. The acquisition was announced on June 30, 2021, and the financial terms of the deal were not disclosed.
IWG was founded in 1986 and has since become a leading provider of potable water treatment systems, water heaters, and related components for commercial and military aircraft, as well as for yachts and other marine vessels. The company’s products are designed to meet the strict regulatory requirements of the aviation and marine industries, ensuring that the water used on board is safe and clean for passengers and crew.
Arcline Investment Management, which was founded in 2019, focuses on investing in middle-market companies in the industrial technology, healthcare, and specialty materials sectors. The firm has a team of experienced professionals with a track record of successful investments and operational improvements in their portfolio companies.
The acquisition of IWG is in line with Arcline’s strategy of investing in companies that have strong market positions, differentiated products or services, and growth potential. IWG’s expertise in water treatment systems for aviation and marine industries complements Arcline’s existing portfolio of companies in the aerospace and defense sectors.
In a press release announcing the acquisition, Arcline’s Managing Partner, Rajeev Amara, said: “IWG is a highly respected company with a long history of providing innovative solutions to its customers. We are excited to partner with IWG’s management team to support the company’s growth and expansion into new markets.”
IWG’s CEO, David Fox, added: “We are thrilled to join forces with Arcline and leverage their expertise in the aerospace and defense sectors. This partnership will enable us to accelerate our growth plans and continue to provide our customers with the highest quality products and services.”
The acquisition of IWG by Arcline is expected to bring significant benefits to both companies. Arcline’s financial resources and operational expertise will enable IWG to expand its product offerings, enter new markets, and improve its operational efficiency. At the same time, IWG’s strong market position and expertise in water treatment systems will enhance Arcline’s portfolio of companies in the aerospace and defense sectors.
In conclusion, the acquisition of International Water-Guard by Arcline Investment Management is a significant development in the aviation and marine industries. The partnership between these two companies is expected to bring new opportunities for growth and innovation, while ensuring that passengers and crew on board aircraft and marine vessels have access to safe and clean water.
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- Source: Plato Data Intelligence.