IPS: Nautic Partners sells manufacuter for $700M

PROVIDENCE - Nautic Partners LLC has sold IPS Corp. for $700 million to Baltimore-based Sherman Capital Holdings LLC, Nautic announced Wednesday. IPS Corp. is a manufacturer of plumbing and roofing products, solvent cements, and adhesives for residential, commercial and industrial use, headquartered in Compton, Calif. Nautic originally acquired IPS in February 2015. Doug Hill, managing director [...]