We represented Cypress Performance Group in its $700 million acquisition of IPS Corporation from funds sponsored by Nautic Partners, LLC. Cypress Performance Group is affiliated with Sherman Capital Holdings, LLC, a private investment firm based in Baltimore. IPS is a global manufacturer of specialized, highly engineered industrial products serving diverse industrial, commercial, and residential end markets.  IPS will operate in conjunction with Cypress Performance Group’s portfolio company, Encapsys, LLC, a manufacturer of microencapsulation materials based in Appleton, Wisconsin.