We are pleased to announce that New Mountain Capital has partnered with ILC Dover to drive accelerated growth.
New Mountain is the ideal partner for ILC Dover as we enter our next stage of growth. This is an exciting time in our company’s history, and we are confident that New Mountain’s proven track record of business building and supporting management teams with close strategic engagement is a real differentiator. We look forward to our partnership and the benefits it will yield for our customers, employees, and industry partners.
Behrman Capital Sells Portfolio Company ILC Dover
NEW YORK, Feb. 3, 2020 /PRNewswire/ — Behrman Capital, a private equity investment firm based in New York and San Francisco, today announced that it has sold its portfolio company ILC Dover to New Mountain Capital. Financial terms of the transaction were not disclosed.
Founded in 1947, ILC Dover designs and manufactures a broad range of innovative, highly engineered products utilizing high-performance flexible materials. The Company has a more than seventy-year heritage of innovation, and commitment to expanding its product portfolio of mission-critical applications to end use cases including single-use pharmaceutical and biopharmaceutical production, personal safety, industrial packaging, infrastructure protection and a range of solutions for human space flight. The Company serves its global customer base today across six facilities located in North America, Europe and Asia.
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ILC Dover Announces Growth Partnership with New Mountain Capital
Frederica, DE and New York, NY – January 31, 2020 – ILC Dover, Inc. (“ILC Dover” or the “Company”), a Frederica-based engineered solutions provider of mission-critical applications to the pharmaceutical, biopharmaceutical, food and beverage, and aerospace and defense industries, announced today that it has partnered with New York-based New Mountain Capital, a leading growth-oriented investment firm with over $20 billion in assets under management. Terms of the transaction were not disclosed.
Founded in 1947, ILC Dover designs and manufactures a broad range of innovative, highly engineered products utilizing high-performance flexible materials. The Company has a more than seventy-year heritage of innovation, and commitment to expanding its product portfolio of mission-critical applications to end use cases including single-use pharmaceutical and biopharmaceutical production, personal safety, industrial packaging, infrastructure protection and a range of solutions for human space flight. The Company serves its global customer base today across six facilities located in North America, Europe and Asia. As part of the transaction, ILC Dover’s CEO and senior management team will remain invested in the Company.
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