A Locke Lord team of Michael Newquist, Michael Serra, Joseph Farside, Lori Basilico (all of Providence), Karl Fryzel and Christine McCay (both of Boston) represented IPS Corporation and its majority shareholder, Nautic Partners LLC, in the sale of IPS Corporation for a purchase price of $700 million. IPS, originally acquired by Nautic in February 2015, was sold to funds affiliated with Sherman Capital Holdings LLC through Sherman Capital’s existing portfolio company, Encapsys LLC. The two companies will operate together as Cypress Performance Group. For more information, please see the Nautic press release.
Posted November 9, 2017