Eight Advisory IPCOM NV in support of its acquisition of ICL Gaskets & Insulation
Eight Advisory provided financial and tax due diligence services to IPCOM NV in support of its acquisition of ICL Gaskets & Insulation, a Dutch company specialized in high-temperature sealing and insulation technology.
Established in 1987 by the Tournier family, ICL, has become a leading player in providing technologically advanced solutions to heating system manufacturers in the domestic, commercial, and industrial HVAC markets. They offer a range of products, including the all-in-one burner insulation Pioneer®, extreme-heat-resistant gasket series Kerasil®, and innovative Ultra Low NOx furnace sleeves. Besides their tailor-made high-temperature solutions, they also offer gaskets of various types made of rubbers and silicone. ICL serves customers in Europe and North America with a team of approximately 35 employees.
This acquisition fits well in IPCOM’s Pan-European growth strategy to strengthen its High-Temperature Solutions Division, the INSULCON Group.
The Eight Advisory financial due diligence team consisted of Hans Bogaardt, Yannick Goris and Christiaan Krekel.
The tax due diligence team consisted of Christian Van Craeyvelt, Bram de Roo, Jean-Louis Vansimaeys and Nils Utens.
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