Industrial Growth Partners, in partnership with management, has acquired Double E Company LLC and its affiliated entities and subsidiaries (collectively referred to as “Double E” or the “Company”).
Headquartered in West Bridgewater, MA, Double E is a leading manufacturer of web converting and web handling components and equipment, including shafts, chucks, core plugs, roll handlers, roll and cart movers, and specialized rollers. Double E’s products enable the manufacturing, handling and conversion of materials produced in a continuous web form such as paper, plastic film, non-woven materials, composites, metal, and rubber into a vast array of non-discretionary end products such as tissue, diapers, flexible packaging, corrugated boxes, foils, labels, and tape, amongst other end uses.
The Company specializes in line-critical, engineered components, as well as complementary material handling equipment, used in the high-wear applications outlined above. The products manufactured by Double E are essential to maintaining production efficiency and uptime of converting lines. Double E is a customer-centric business, differentiated through its technical expertise and consultative engineering approach, manufacturing capabilities, reputation for quality and broad product offering of customized components and equipment.
“IGP’s familiarity and experience within the web converting industry through current and prior investments make them the ideal partner for Double E,” commented Tom Pranka, CEO of Double E. “The entire Double E team is excited to partner with IGP for strategic and operational support as we continue to grow and strengthen our business organically and through acquisitions.”
On June 21, 2022, Industrial Growth Partners VI, L.P., in partnership with management and certain outside investors, acquired Double E, marking the first platform investment for IGP’s sixth fund. The transaction creates a platform for Double E to accelerate its growth by aggressively pursuing its strategic initiatives. The acquisition is an ideal fit with IGP’s strategy of investing in niche industrial companies with leading market positions, significant growth opportunities and outstanding management teams. To learn more about Double E, please visit www.ee-co.com.