Argyle Capital Partners, a wealth management firm in Los Angeles, Calif., announced it has invested in International Custom Products Inc. (ICP). The transaction closed in September 2024.
Based in Scarborough, Ont., Canada, International Custom Products Inc. has been a market leader in the engineering and precision manufacturing of custom-designed, mechanically stitched textile-based products, including parachutes, sails, tents/shelters, technical bags, uniforms, and protective gear. It sells almost exclusively to the aerospace and defense (A&D) sectors.
“ICP has built a strong reputation for delivering high-quality products to some of the most demanding sectors. Our growth has been driven by our commitment to innovation and customer service. I am excited to partner with the Argyle team as we continue the next chapter of ICP’s growth, as we continue to expand our capabilities and market reach. With Argyle’s strategic support and resources, I believe ICP is well-positioned to capitalize on new opportunities and achieve its next phase of growth,” says Marc Langlois, president and shareholder of ICP.
Marc and the rest of his management team will continue their leadership roles with the company.
“We were immediately impressed by ICP’s reputation and position as an established leader in its niche, delivering critical solutions to the A&D market. We see significant potential in the continued growth of ICP, particularly as the demand for high-quality, North American-manufactured textile products continues to grow. We are excited to partner with Marc and his team to support the company in achieving its strategic objectives and driving long-term success,” says Glenn Gatcliffe, partner at Argyle.
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