# Indicor

Indicor is an Asset Manager based in Charlotte, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Charlotte, United States
- **Region:** North America
- **Address:** Charlotte, NC, United States
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** indicor.com
- **LinkedIn:** https://www.linkedin.com/company/indicor

## Regulatory record

- **Reports private funds:** No

## About

Indicor is a Charlotte-based company founded in 2022. It provides diversified industrial solutions to manufacturers and offers a global portfolio of technology products. The firm has secured $7,200,001 in total funding.

## Sectors

- Industrial Tech
- Energy Transition & Renewables
- Healthcare Services
- Robotics & Automation

## People

- Doug Wright — Chief Executive Officer

## Questions

### How was Indicor formed, and who owns it?

Indicor was created in October 2021 when private equity firm Clayton Dubilier & Rice acquired a majority stake in Roper Technologies' industrial businesses. Roper retained a minority equity interest. The portfolio includes former Roper subsidiaries that design and manufacture engineered instrumentation, automation controls, and testing equipment for critical applications.

### Who runs investment and operating decisions at Indicor?

Doug Wright serves as Chief Executive Officer, a role he assumed upon the company's formation. Wright previously led the same business units as a Group Vice President at Roper Technologies starting in 2017. Investment decisions, including M&A strategy, are executed by the corporate leadership team in coordination with CD&R.

### What types of companies does Indicor acquire?

Indicor targets niche industrial technology and specialized manufacturing businesses with $50 million to $500 million in revenue. The firm seeks control acquisitions where it can apply operational expertise to accelerate growth, often pursuing bolt-on targets that expand existing subsidiary platforms. End markets include energy transition, medical devices, and industrial automation.

### Does Indicor hold companies indefinitely or exit on a typical private equity timeline?

Indicor operates with a longer-duration mandate than a conventional private equity fund. While CD&R leads the majority investment, the structure functions as a permanent-capital-like platform designed to compound through acquisitions and organic growth over multiple cycles. Roper's ongoing minority stake reinforces the long-term alignment.

### What geographic markets does Indicor serve?

Indicor's operating companies maintain manufacturing and engineering facilities concentrated in North America, Germany, and Denmark. The firm serves customers globally, with subsidiary brands holding leading positions in North American and European industrial, energy, and healthcare end markets.

### Which sectors does Indicor explicitly avoid?

Indicor has not publicly disclosed exclusionary criteria. However, its acquisition pattern focuses narrowly on B2B engineered products rather than consumer-facing offerings or pure software businesses. The firm has shown no activity in financial services, media, or retail sectors.

### How is Indicor related to Roper Technologies today?

Roper Technologies divested its industrial segment to Indicor in 2021 but retained a minority ownership stake. Former Roper executive Doug Wright leads the standalone entity. Roper continues to report its retained interest in its financial statements but has no operational control over Indicor.

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Last updated: 2026-06-03T20:00:00.000Z

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