Nautic Partners sells manufacturer for $700M

  PROVIDENCE - Nautic Partners LLC has sold IPS Corp. for $700 million to Baltimore-based Sherman Capital Holdings LLC, Nautic announced Wednesday. IPS Corp. is a manufacturer of plumbing and roofing products, solvent cements, and adhesives for residential, commercial and industrial use, headquartered in Compton, Calif. Nautic originally acquired IPS in February 2015. Doug Hill, managing…
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