Private equity firm Iron Path Capital is partnering with epoxy manufacturer Gougeon Brothers as its first advanced materials investment.
The family-owned Gougeon business formulates and manufactures epoxy systems for various applications in the marine, recreational, automotive, aerospace, and industrial composites markets.
The company’s range includes West System, Pro-Set, and Entropy Resins epoxy resin systems with in-house chemists developing solutions for each application.
The partnership is intended to continue to build the business in the fast-growing composite materials market.
“We are delighted to partner with the Gougeon management team to develop and grow their market-leading West System, Pro-Set, and Entropy Resins epoxy resin systems for making and repairing composite structures,” said Ted Clark, partner at Iron Path Capital.
Gougeon has a long and storied history as a pioneer and innovator.
Ted Clark
“Gougeon has a long and storied history as a pioneer and innovator in advanced composite epoxy resin systems for both repair and use in original equipment composite parts manufacturing.”
Gougeon CEO Alan Gurski added: “The Gougeon Family and the employees of Gougeon Brothers Inc. are thrilled to partner with the team at Iron Path Capital.
“We chose Iron Path as they share our entrepreneurial spirit, and our commitment to each other, our community, our customers, and to manufacturing the finest products for our markets. We look forward to being a part of the next evolution of GBI.”
Ted Clark will serve as executive chairman of Gougeon as part of a new advanced materials platform.
Primary operations
Ted’s background includes leading Royal Adhesives & Sealants as president and CEO from 2003-2017.
The company was acquired by H.B. Fuller and post-acquisition, Ted served as senior vice president, Royal Adhesives, then as executive vice president and COO of H.B. Fuller before joining Iron Path Capital as a partner in 2022.
Earlier in his career, Ted also served as president and CEO of PRC-DeSoto International, a producer of coatings and sealants for aircraft.
Gougeon’s primary operations are based in Bay City, Mochigan, US.
Iron Path Capital is a private equity firm focused on healthcare and specialty industrials.
