Providence, Rhode Island-based private equity firm Nautic Partners LLC has acquired IPS Corp. for an undisclosed amount.

IPS, headquartered in Compton, California, provides cements, specialty plumbing products and adhesives. The company's main brands are Weld-On, Water-Tite, Test-Tite, Guy Gray TrueBro and Studor. IPS' management team also invested in the deal.

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