The principals of Quarton Partners advised Industrial Growth Partners in the sale of Airpax to William Blair Capital Partners.


Industrial Growth Partners completed the divestiture of its portfolio company Airpax Holdings to William Blair Capital Partners. The principals of Quarton Partners acted as the exclusive financial advisor to Airpax and Industrial Growth Partners.


Airpax Holdings, through its subsidiaries Power Protection Products, Inc. and Thermal Sensing Products, Inc., is a leading global manufacturer of electro-magnetic circuit breakers, thermostats and thermistors used in the telecommunications equipment, power supply, business machines and industrial equipment markets. Industrial Growth Partners, is a $400 million private equity firm which provides equity capital to privately held, lower-middle market manufacturing and manufacturing services companies.

Buyer / Investor

For over 25 years and across more than 100 growth companies, the principals of Chicago Growth Partners have partnered with quality management teams to help facilitate their growth objectives. CGP executes its growth-focused investment strategy across four industries: Education, Healthcare, Tech-Enabled Services and Industrial Technology, where our expertise in information technology, marketing, and finance can often be helpful to our management teams. CGP currently manages $1.2 billion of committed capital and has offices in Chicago and La Jolla.



André A. Augier


Kurt L. Haras

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