CLEVELAND and DALLAS, June 23, 2022 – Align Capital Partners’ (“ACP”) specialty sealing supplier Marco Rubber & Plastics (“Marco” or the “Company”) has acquired Ipotec LLC (“Ipotec”), a provider of highly engineered rubber products serving a diverse set of end markets including industrial, semiconductor, automotive, aerospace and medical. As an ISO 9001 certified supplier, Ipotec specializes in silicone rubber-based technologies because of its outstanding thermal stability, mechanical properties and biocompatibility making the products ideal for sealing, fluid transport, insulation and other applications.
Headquartered just a few miles from Marco’s headquarters in Exeter, New Hampshire, Ipotec services over 2,600 global customers through direct domestic and international supplier relationships. Ipotec was founded and operated by Alan Randle who will remain involved to ensure a successful transition.
“It was very important that Ipotec become part of a likeminded organization, and I am thrilled to have Marty lead the combined entity into its next phase of growth. Ipotec and Marco are two companies that focus on product quality, customer service and material expertise. I look forward to seeing the combined business prosper in the coming years,” said Randle.
With over 2,500 SKUs, the Ipotec acquisition adds exciting new products, capabilities and talent to the Marco family. Ipotec’s specialty products will be integrated into Marco’s proprietary software platform which links its global supply network with more than 3,000 material formulations, over one million SKUs and thousands of customers.
“Ipotec’s technical product lines, expertise in answering challenging application requirements and an unwavering commitment to quality systems are a perfect fit for us,” said Marco CEO Marty Daley. “Acquiring Ipotec expands our sourcing capabilities and strengthens our already broad offering of products and services. I look forward to working with Alan and the rest of the Ipotec team as we move forward together.”
ACP acquired a majority stake in Marco Rubber & Plastics in February 2020 and has since completed three strategic add-ons. Marco will continue to pursue strategic acquisitions to augment the Company’s current product offering and geographic reach. ACP Managing Partner Chris Jones, Operating Partner Bill White, Principal Matt Iodice and Senior Associate Walker Tiller worked alongside Marco Management on the transaction.