Industry News

New Owner for Building Material Maker IPS

IPS Corp. has been purchased by Sherman Capital Holdings

IPS Corp., Compton, Ca., has been purchased by Sherman Capital Holdings LLC from Nautic Partners LLC, a private equity firm that had been the prior owner for nearly three years. Selling through the professional trade channel, IPS is a market leader in multiple product categories, including solvent cements, structural adhesives, specialty plumbing and roofing products.
526 Media Group

Publisher of two monthly magazines for LBM dealers and distributors—The Merchant Magazine, founded in 1922 to serve the western U.S., and Building Products Digest, formed in 1982 to serve east of the Rockies.

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