Paul Hastings Advises Industrial Growth Partners in its Acquisition of Prince & Izant LLC

Chicago – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Industrial Growth Partners (IGP), a San Francisco-based specialist private investment partnership focused exclusively on acquiring middle-market industrial manufacturing and niche services businesses, in its acquisition of Prince & Izant Company from The Brandenburg Family, who will retain a significant minority equity position in the company.

Prince & Izant provides highly-engineered brazing alloys and precision engineered materials in various forms, as well as kits and flux, delivering specified products for critical and demanding applications in the aerospace & defense, space, medical, electronics, HVACR, and other industrial markets. 

The transaction creates a platform for Prince & Izant to accelerate its growth by aggressively pursuing its key strategic initiatives, and marks the second platform investment for Industrial Growth Partners’ sixth fund, Industrial Growth Partners VI, L.P. Paul Hastings LLP also advised IGP on the first platform investment for the fund, with the acquisition of Double E on June 22, 2022.

Private Equity Partner Brian Richards led the Paul Hastings team, which also included partners Holly Snow, and Jim Smulkowski and associates Samuel Domjen and Megan Craig.

About Paul Hastings

Dedicated to providing intellectual capital and superior execution to the world’s leading Wall Street and global investment banks, asset managers and corporations, Paul Hastings is a premier global finance law firm with elite teams in finance, mergers and acquisitions, private equity and litigation. It is one of only a handful of law firms ranked across multiple core finance areas including: structured credit, leveraged finance, private credit, capital markets, and real estate finance.

Paul Hastings is ranked as one of the top firms in the world in The American Lawyer’s “Premier League” for momentum, profit and prestige amongst firms in the 2022 American Lawyer 100.