Irvine-based Incipio Technologies Inc. has agreed to sell a minority stake to New York-based private equity investor Goode Partners LLC on undisclosed terms.
The investment “validates Incipio’s track record of significant growth” and will enable the designer and manufacturer of mobile device accessories and technology “to reach its full potential,” Chief Executive Andy Fathollahi said in a statement. “Goode Partners has extensive experience in high growth consumer strategies and will be a great asset in helping us carry out our core business objectives, including support in identifying and executing future acquisitions.”
Incipio has bought four companies since Fathollahi founded it in 1999 with a $500 loan from his parents—it bought Chino-based Incase Designs Corp. in September; ClamCase LLC in Michigan in June; speakers specialist Braven LC in 2013; and Tavik Industries LLC in 2012.
It had about $200 million in sales last year through retail chains such as Best Buy, telecommunication companies’ retail locations, and its own website.
