Wind Point Partners (a Chicago-based private equity firm) has partnered with Sigma Companies International.
Founded in 1985, Sigma manufactures and supplies waterworks infrastructure products including fittings, pipe restraints, municipal construction castings, polymer enclosures, and accessories for the water, wastewater, and other critical infrastructure sectors. Based in Cream Ridge, New Jersey, Sigma operates an expansive North American network, utilizing 14 strategically-located facilities to serve over 1,800 customer locations across the United States and Canada.
Wind Point is working with Sigma management, led by CEO Victor Pais, President Larry Rybacki and Vice Chairman Siddharth Bhattacharji. And under their leadership, the company saw substantial growth by strategically implementing organic expansion initiatives and prioritizing exceptional customer service.
Sigma’s senior leadership team will continue with the business and has retained a meaningful ownership stake alongside Wind Point. Together, Wind Point and Sigma intend to expand on this track record with an organic and M&A-driven growth strategy oriented around the Company’s current end markets.
Wind Point evaluated Sigma in partnership with Frank Firsching, who joined Sigma’s Board as Chair. Firsching, a member of Wind Point’s Executive Advisor Partner (EAP) program, most recently served as CEO of Critica Infrastructure, a prior Wind Point portfolio company and supplier of Maintenance, Repair, and Overhaul (MRO) composite solutions for municipal water supply systems and oil and gas transmission. And this role followed over 30 years of experience as an executive in the water and pipeline infrastructure industries with Aegion, Underground Solutions, Siemens Water Technologies, Veolia, and USFilter.
Wind Point is an active investor in critical infrastructure and water/wastewater products and services, with select current and prior investments including Hasa, Central Moloney, D&H United, Critica Infrastructure, Valicor, and Railworks.
Advisors: Kirkland & Ellis served as legal counsel to Wind Point and KPMG provided transaction advisory services in connection with the transaction. Janney Montgomery Scott served as financial advisor to Sigma.
KEY QUOTES:
“This exciting new partnership with Wind Point offers Sigma access to a comprehensive executive network, additional capital resources and professional expertise to support our growth as we continue to do more for our customers, suppliers and employees. With Wind Point’s support, we are excited to capitalize on the compelling tailwinds in our end markets and build upon the strong foundation of this company.”
– Victor Pais, CEO & Co-founder of Sigma
“We are thrilled to be partnering with the talented team at Sigma. We plan to work closely with Sigma’s leadership to further invest in the team and their capabilities, including product line expansion and complementary M&A. Sigma has a strong reputation with its customers for delivering quality products that are critical components to waterworks infrastructure. We believe our involvement and investment will further enable the Company to deliver an increasingly strong value proposition.”
– Peter Leemputte, Principal at Wind Point
“The need for waterworks infrastructure products is as strong as it’s ever been, which demands an unwavering commitment to quality and the customer experience. In partnership with Wind Point, Sigma is well-positioned to support our customers and the next phase of growth for our industry.”
– Larry Rybacki, President at Sigma
