Owings Mills, MD – Platte River Equity (“Platte River”) is pleased to announce that its portfolio company TIPCO Technologies (“TIPCO”) has acquired Gasket Specialties, Inc. (“GSI”). Founded in 1925 and headquartered in Richmond, CA, GSI is a family-owned manufacturer, distributor and servicer of gaskets, seals and related industrial products serving a diverse customer base. This acquisition enhances TIPCO’s existing capabilities and expands its reach throughout California and the Pacific Northwest. With the addition of GSI, TIPCO’s footprint now spans 46 locations across 17 states.
“TIPCO is thrilled to welcome the entire GSI team to our growing family of people and partnerships,” said Rob Lyons, TIPCO Co-CEO. “TIPCO and GSI share values of innovation and customer-first service. Together, we look forward to delivering precision-engineered sealing solutions tailored to each client’s specifications nationwide.”
“We are excited to become part of the TIPCO family,” said Anita Gutierrez, owner of GSI. “This strategic alignment will allow us to reach new markets with our made-to-order components. Our recent modernization and commitment to innovation are reflected in our expertise in custom gasket fabrication, offering flexibility across materials, dimensions and applications.”
Mike Reilly, Principal at Platte River, added, “The partnership with GSI expands TIPCO’s addressable market with its customer base and is complementary to TIPCO’s core fluid conveyance platform in the western region. We are excited to have the GSI team as a part of TIPCO.”
