Branford Castle Fund II, L.P. managed by Branford Castle Partners, L.P. acquired Garlock Pipeline Technologies, Inc. from EnPro Industries, Inc. for approximately $31.4 million.
January 29, 2023
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Branford Castle Fund II, L.P. managed by Branford Castle Partners, L.P. acquired Garlock Pipeline Technologies, Inc. from EnPro Industries, Inc. for approximately $31.4 million on January 30, 2023. 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. Capital Southwest Corporation and IBC Funds provided the debt financing for the transaction. Akerman LLP served as legal advisor to Branford Castle. Capstone Partners served as financial advisor and Robinson Bradshaw & Hinson, PA served as legal advisor to EnPro Industries. A pretax gain of approximately $14 million to be recognized in the first quarter of 2023. Net cash proceeds after selling expenses was approximately $28 million.
Branford Castle Fund II, L.P. managed by Branford Castle Partners, L.P. completed the acquisition of Garlock Pipeline Technologies, Inc. from EnPro Industries, Inc. on January 30, 2023.
Enpro, Inc. is an industrial technology company. The Company is focused on critical applications across many end-markets, including semiconductor, industrial process, commercial vehicle, sustainable power generation, aerospace, food and pharma, photonics and life sciences. The Company operates in two segments: Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment includes three operating divisions: Garlock, Technetics and STEMCO, which serves various industries, including pharmaceutical, food and beverage, pulp and paper, metals and mining, marine, water/wastewater, chemical processing, and power generation markets. The Advanced Surface Technologies segment includes four operating businesses: Technetics Semi, LeanTeq, Alluxa, and NxEdge, which applies technologies, processes, and capabilities to deliver differentiated suites of products and services for the applications in markets.
Branford Castle Fund II, L.P. managed by Branford Castle Partners, L.P. acquired Garlock Pipeline Technologies, Inc. from EnPro Industries, Inc. for approximately $31.4 million.
ENPRO INC. 
