Denver, CO (30th January 2023): GPT Industries (GPT) – the world’s leading manufacturer of critical pipeline sealing and electrical isolation products – is excited to announce that we have been acquired by Branford Castle Partners II, L.P. Branford Castle is a private market investor focusing on lower-middle-market investments, with a more than 30+ year history of helping businesses to grow.
Since 2012, GPT (formally Pikotek® & PSI®) has been an operating division of Enpro industries (NYSE:NPO). We would like to acknowledge their support and guidance and wish them continued success in the future.
Branford Castle Partners brings a tremendous amount of experience and expertise in industrial/specialty manufacturing and a proven history of building strong relationships. Branford has teamed up with existing management to build the newly independent company.
GPT will continue to be led by Darin Lane and supported by his existing leadership team. Darin will be in the role of President of GPT Industries. Commenting on the sale Darin said, “We look forward to our next stage of growth in partnership with Branford” and “With Branford’s support, we are ready to hit the ground running with our growth initiatives”.
This exciting new chapter will allow GPT to strengthen our portfolio of industry leading Isolation and sealing solutions. Positioning us to develop and grow in new markets and geographies while enabling us to better serve our existing customers and channel partners.
As we transition away from Enpro industries, GPT leadership team would like to reassure our valued customers and channel partners that operating conditions will not be affected. We appreciate your continued support as we build and grow a stronger future together.