Agilitas Agrees to Sell Integris Composites to Triton Partners
Agilitas Private Equity has agreed to sell Integris Composites, a global provider of high-performance survivability composite solutions, to Triton Partners, subject to customary regulatory approvals, according to Private Equity Wire. The sale follows Agilitas’s acquisition of Integris from Royal TenCate in March 2021, during which Agilitas worked with management to transform the company into a standalone, market-leading business.
Growth Under Agilitas Ownership
Under Agilitas’s ownership, Integris strengthened its transatlantic presence, expanded its product portfolio, and accelerated international growth by establishing operations in the US and APAC while maintaining a strong European footprint. Agilitas supported the creation of a global R&D function, enhancing engineering and testing capabilities for Integris’s proprietary products used in land vehicles, aircraft, and naval vessels. The firm also invested in production process upgrades and insourcing initiatives to improve quality control and operational efficiency across Integris’s facilities in the Netherlands, US, France, and Denmark.
Executive Statements on the Partnership
Tor Midsem, an Agilitas board member, stated that Integris has become a global leader in survivability solutions with cutting-edge R&D and engineering capabilities, while CEO Andrew Bonham noted that Agilitas’s support was instrumental in the company’s growth and international expansion, including winning multi-year programs and deepening customer relationships. Martin Calderbank, Managing Partner at Agilitas, emphasized that the partnership strengthened Integris’s ability to protect people and critical assets. Financial terms of the deal were not disclosed, as reported by Private Equity Wire. As a widely-known practice in private equity, such sales often allow firms to realize returns from portfolio investments.
