Snow Phipps Group has bought Ideal Tridon Holdings Inc., a manufacturer of stainless steel screws and clamps, from Industrial Growth Partners. Financial terms of the deal were not disclosed. Ideal Tridon serves the industrial, heavy duty, plumbing, irrigation, marine and automotive end-markets with specialty clamps and worm gear tools. Worm gears, bolt and screw-like steel tools, are used in the industrial sector when high speed reduction ratios are needed for large machines such as conveyor systems and heavy duty trucks. The Smyrna, Tennessee-based target’s products are used for fastening and sealing a variety of items. The target also sells Ideal Tridon branded products original equipment manufacturers and replacement market warehouses and retail businesses. Snow Phipps is a private equity firm based in New York. The PE firm backs middle-market companies with between $100 million and $500 million in enterprise value. The firm has approximately $2.4 billion in assets under management and targets the industrial and consumer industries. In 2016, Snow Phipps bought Winchester Electronics Corp., acquired Efficient Collaborate Retail Marketing Co., and purchased tortilla maker Mesa Foods. Founded in 1997, Industrial Growth Partners is a private equity investment firm based in San Francisco. The firm has raised nearly $2.2 billion in equity since inception. The PE firm also backs middle-market industrial businesses. Lincoln International LLC and Fidus Securities LLC served as financial advisers to Ideal Tridon and IGP, while Kirkland & Ellis LLP acted as legal counsel. Weil Gotshal & Manges LLP served as legal counsel to Snow Phipps.