ICP Construction

What ICP Construction does

ICP Construction, operating under the ICP Group umbrella, is a privately held specialty manufacturer founded in 1925 and headquartered in Andover, Massachusetts. The company develops and distributes coatings, adhesives, sealants, and elastomers (CASE) serving the building and construction industry across the United States and six continents. Its product portfolio is organized under the ICP Building Solutions Group and spans multiple sub-brands, including HandiFoam (polyurethane foam products for concrete lifting, gap sealing, drywall/framing insulation) and California Sports Surfaces (coatings engineered for athletic and high-impact surface applications). Notable recent launches include HandiFoam Concrete Lift Foam, HandiFoam Gasket Foam, and the Street Ice coating formula, signaling active R&D investment in adjacent niche formulations.

The business operates a direct distribution model through company-owned offices, innovation centers, and distribution centers, serving more than 33,000 customers globally. ICP's go-to-market emphasizes agility in fast-to-market product development and a "one partner, total building envelope" positioning that allows contractors and channel partners to source multiple product categories from a single supplier. The horizontal segmentation strategy targets use cases such as building envelope performance, concrete repair, drywall and framing sealing, and sports surface coatings rather than focusing on a single end-market vertical. Pricing, contract structures, and revenue mechanics are not publicly disclosed.

Growth has been pursued through both organic product launches and inorganic M&A, with two acquisitions completed in 2017-2018 (Master Coating Technologies and Pli-Deck Systems). The company also invests in partner ecosystem programs, including "Grow your portfolio" and the MasterWorks community platform, intended to accelerate distribution partner sales. ICP Construction remains privately held, with no parent company, public ticker, or external venture investors disclosed in the source data.

Name

ICP Construction

Legal name

ICP Group

Website

https://icp-construction.com

Company type

Private

Founded year

1925

Operating status

Operating

Headcount range

51–100 employees

Short description

ICP Construction (ICP Group) is a privately held specialty manufacturer of coatings, adhesives, sealants, and elastomers serving more than 33,000 building and construction customers across the United States and six continents through multi-brand brands including HandiFoam and California Sports Surfaces.

Ownership category

akta.pro rank

Product category

Specialty Coatings, Adhesives & Sealants

NAICS

Paint and Coating Manufacturing (32551), Building Finishing Contractors (2383)

SIC

Adhesives & Sealants (2891), Coating, Engraving & Allied Services (3470)

akta.pro primary industry

Application Equipment & Coating Services (Contract Coating, Surface Prep) (IMAEAGAL)

akta.pro secondary industry

Floor Coating & Resinous Flooring (Epoxy/PU/Polished Concrete) (IMAIAKAG)

Keywords

• Construction coatings
• Building sealants
• Polyurethane foam products
• Sports surface coatings
• Building envelope solutions

Headquarters

HQ city

Andover

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Distribution channels1 record

Core offering

ICP Construction is a specialty platform company that manufactures and distributes innovative coatings, adhesives, sealants, and elastomers (CASE) for the building and construction industry. The company operates a multi-brand portfolio including HandiFoam® polyurethane foam products (concrete lifting, drywall/framing gaskets, insulation) and California Sports Surfaces® coating technologies, delivering total building envelope solutions through its ICP Building Solutions Group.

Product overview

ICP Group operates as a unified portfolio of high-performing construction brands offering innovative coatings, adhesives, and sealants. The company is organized under ICP Building Solutions Group, which encompasses sub-brands including HandiFoam® (polyurethane foam products for concrete lifting, gap sealing, and insulation) and California Sports Surfaces® (sports surface coatings). Products include HandiFoam® Concrete Lift Foam and Gasket Foam, as well as the Street Ice® coating technology. The portfolio is characterized by a multi-brand strategy that enables development of innovative, high-performance, scalable solutions serving over 33,000 customers across the United States and six continents.

Differentiator

Problem solved

Functional benefit

Brands

• California Sports Surfaces®: Sports surface coating solutions including the new Street Ice® Formula designed for speed, durability, and impact.
• HandiFoam®
• ICP Building Solutions Group

Products and services

• HandiFoam® Concrete Lift Foam High-density polyurethane foam solution that helps contractors restore uneven concrete slabs quickly and efficiently. Used in concrete lifting, leveling, and stabilization applications.
• HandiFoam® Gasket Foam Polyurethane foam-based gasket solution that supports improved energy efficiency and overall durability for drywall and framing seals in building construction.
• California Sports Surfaces® Street Ice® Formula Coating technology designed for speed, durability, and impact, serving as a surface solution for street ice and other sports surface applications.
• ICP Building Solutions Group A product group offering comprehensive building envelope solutions including coatings, adhesives, and sealants for construction applications, serving as the unified portfolio under which HandiFoam® and other sub-brands are delivered.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Sika AG: Sika is a global specialty chemicals leader in sealing, bonding, waterproofing, and concrete repair solutions for construction. Direct overlap with ICP Construction's CASE and building envelope portfolio.
• Mapei: Mapei produces specialty adhesives, sealants, and chemical products for the building industry, including concrete repair and surface systems — directly comparable to ICP's HandiFoam® and Building Solutions offerings.
• Bostik (Arkema): Bostik is a global adhesives specialist serving construction, industrial, and consumer markets. Closely aligned with ICP's sealants and adhesives business across building envelope applications.
• Tremco Construction Products Group: Tremco CPG provides high-performance sealants, coatings, and weatherproofing systems for the building envelope. Direct competitor in ICP's core building envelope and CASE categories.

Broad incumbents

• H.B. Fuller: Large public adhesives manufacturer with significant construction adhesives exposure. Comparable business model and end markets to ICP Construction's adhesives segment.
• RPM International: RPM owns specialty coatings brands (Tremco, Stonhard, Carboline) serving construction and industrial markets. Comparable specialty coatings platform model to ICP's multi-brand structure.
• PPG Industries: Global coatings giant with architectural, industrial, and specialty coatings lines. Overlaps with ICP's coatings business as a broad incumbent rather than CASE specialist.
• Sherwin-Williams: Largest paints and coatings company in the US with significant architectural and industrial exposure. Competes with ICP across architectural and specialty coating categories.
• BASF (Construction Chemicals): BASF's Construction Chemicals division offers concrete admixtures, waterproofing, and sealants. Wide incumbent serving overlapping building envelope and construction applications.

Regional players

• California Products Corporation: Specialty coatings manufacturer focused on architectural and industrial coatings. Comparable privately held mid-sized coatings platform with overlapping product categories.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/icpbuildingsolutionsgroup

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ICP Construction