Ironbridge Equity Partners has sold Advance Engineered Products, a manufacturer of tank trucks, trailers and vacuum truck equipment, to an entity controlled by TerraVest Industries.
Financial terms of the transaction have not been disclosed.
Throughout its investment in Advance, Ironbridge said in a statement that it supported management to expand manufacturing capabilities, diversify end-market exposure and implement efficiency improvements across its facilities.
Advance marks the sixth exit from Ironbridge’s second private equity fund, Ironbridge Equity Partners II, a fully committed $154m fund.
