June 07, 2024

Continuim Equity Partners Announces Acquisition of Innovative Sintered Metals, Inc.

Continuim Equity Partners (“Continuim”) is pleased to announce that COMTEC Mfg. (“COMTEC”), an existing Continuim portfolio company, has recently completed the transformative acquisition of Innovative Sintered Metals, Inc. (“ISM” or the “Company”) to create a best-in-class, mid-sized powder metal business in St. Marys, PA (the “Platform”).

Founded in 1997, and headquartered in St. Marys, ISM, including their Vision Quality Components (“VQC”) division, manufactures highly engineered ferrous and stainless-steel powder metal parts and components serving a diversified customer base across the fluid control, electrical, general industrial, and automotive end markets.

The partnership between COMTEC and ISM will lead to significant growth opportunities, with increased manufacturing capacity to support both new and existing customers through the Platform’s combined footprint, strong technical and engineering resources, dedication to quality and customer service, and significant primary and secondary production capabilities.

Continuim and COMTEC’s management team are excited to partner with respected industry veterans including Mr. John Dippold, Mr. Pat Struble, and Mr. Dave Bobby, and to work with the rest of the talented team at ISM to implement Lean principles and best practices through Continuim’s operational playbook, the Efficiency Driven Growth Engine (“EDGE”), to further accelerate the Platform’s growth in the powder metal industry.

John Dippold, President of ISM, said, “Combining these three prominent powder metal brands allows COMTEC, ISM, and VQC to elevate our technical capabilities, expand our customer footprint, and ensure profitable growth for all our stakeholders.”

George Pilafas, Managing Partner of Continuim, stated, “Our team could not be more excited to have ISM to join forces with COMTEC. Given the geographic proximity and the complementary manufacturing capabilities and certifications that exist, we will become an even more valuable supplier for our collective customer base. The significant leadership, engineering, and operations talent that now exists at the Platform made this transaction an ideal strategic fit.”

Pat Struble, COO of ISM, stated “I am thrilled to see this partnership realized. All parties involved came together with the shared goal of taking two proud, successful businesses and forming an even better combined platform for all involved – employees, customers, and stakeholders.”

About Continuim Equity Partners

Continuim is a Pittsburgh-based private equity fund that focuses exclusively on acquiring and accelerating the growth of successful manufacturing and industrial businesses ranging from $3MM to $10MM of EBITDA. We bring a operational playbook, committed capital, and a talented team of industrial operators to help transform successful B2B manufacturing and industrial companies.

Our name is derived from what we consider most important to the growth of industrial businesses — Continuous improvement.

Please visit our website to learn more about our Investment Criteria or Contact Us directly to discuss COMTEC, the acquisition of ISM, or other opportunities that could be a fit for our mandate.

Certain statements about Continuim made by portfolio company executives herein are intended to illustrate the work of Continuim’s team with such portfolio companies. Such portfolio companies [may be controlled] by investment vehicles managed by Continuim. Portfolio company executives were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities [and/or investors in Continuim-sponsored vehicles]. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein.