#United States #Chattanooga #Vance Street #Action Filtration #Micronics

Vance Street Capital Expands Filtration Market with New Acquisition

In a notable move in the filtration sector, Vance Street Capital's subsidiary, Micronics Engineered Filtration Group, has announced the acquisition of Action Filtration, a company specializing in aftermarket filtration solutions. This acquisition is anticipated to enhance Micronics' existing portfolio and provide a wider array of filtration options, especially in the domains of air pollution control and environmental protection.

Established in 1983, Micronics has earned its reputation as a global leader in providing aftermarket and OEM filtration consumables and equipment, catering to numerous industrial sectors. The company’s clientele ranges across critical industries, including mining, energy, food and beverage, pharmaceutical, and wastewater treatment, among others. Through this recent acquisition, Micronics seeks to not only reinforce its expertise but also refine its technical capabilities in engineered filtration solutions, particularly in demanding environments where emissions control is vital.

Chris Cummins, the President and CEO of Micronics, expressed enthusiasm about the acquisition. “The addition of Action Filtration to our group is an exciting step forward. We are eager to collaborate with Action Filtration's talented team to accelerate growth in the markets they currently serve. This acquisition will allow us to offer a broader range of both air and liquid filtration solutions to our customers,” he remarked.

Les Benesh and Paul Trotta, Jr., co-founders of Action Filtration, also shared their excitement about joining Micronics. They highlighted the significant opportunities that being part of a larger global company presents, particularly in terms of resources and capabilities to better serve customers' needs.

The merger not only provides Micronics with Action Filtration’s advanced manufacturing capabilities but also strengthens its market position through the incorporation of Action Filtration's existing customer relationships. Yousaf Tahir, Principal at Vance Street, noted that merging Action Filtration's expertise with Micronics will significantly enhance their ability to deliver mission-critical industrial filtration solutions, thereby safeguarding and preserving the environment.

As Micronics prepares to integrate Action Filtration into its operations, expectations are high that the combined strengths of both companies will lead to innovative solutions and improved customer experiences. The acquisition is set to amplify Micronics' presence in key markets while continuing to uphold a commitment to environmental stewardship and sustainability.

About Vance Street Capital

Vance Street Capital is a middle-market private equity firm based out of Los Angeles, known for investing in highly engineered solutions companies across various sectors, including industrial technology and aerospace. Their approach involves working closely with management teams and family owners to stimulate growth and enhance operational efficiency. Learn more about their investment strategies at Vance Street Capital.

As the filtration market evolves, this strategic acquisition marks a significant advancement for Vance Street and Micronics in their goals to provide top-notch filtration solutions in an increasingly environmentally-conscious marketplace.