Align Capital Partners’ Pleatco Filtration Expands Industrial Air Division; Acquires TVS Filters
12/3/2019
CLEVELAND and DALLAS, December 3, 2019 – Align Capital Partners (“ACP”) is pleased to announce its portfolio company Pleatco Filtration (“Pleatco” or “the Company”), the market leading manufacturer of aftermarket cartridge filters for the industrial air and pool / spa industries, has acquired TVS Filters (“TVS”).
TVS designs and manufactures pleated filter cartridges, gas turbine inlet filters, and other filtration products for complex industrial air filtration applications. “TVS has experienced tremendous growth due to our commitment to delivering high quality products with industry best lead times and high levels of customer service,” said Part Willings, President of TVS. “Pleatco Filtration’s manufacturing capabilities and deep engineering and marketing expertise are the perfect complement to our business and will allow us to offer additional products and capabilities to new and existing customers.” TVS services customers throughout North America from its facility in Bessemer, AL.
“The acquisition of TVS, Pleatco’s third of 2019, furthers our commitment to providing best-in-class aftermarket filtration products to the industrial air market. TVS will be merged under the master brand banner of Pleatco Filtration,” said Rick Von Drehle, CEO of Pleatco Filtration. ACP Managing Partner Rob Langley commented, “With each acquisition, Pleatco continues to add key talent and resources to its expanding platform. We look forward to supporting the Pleatco Filtration team on the execution of an ambitious organic and add-on growth strategy.”
Operating Partner John Dupuy, Vice President Matt Beesley, and Associate Hannah Dickey worked alongside Mr. Langley on the transaction.
TVS was exclusively advised on the transaction by Founders Advisors, LLC. Terms of the transaction were not disclosed.
About Pleatco Filtration
Pleatco is a leading designer and manufacturer of pleated filter cartridges, pleated bags, and other filtration products for the industrial air and pool / spa markets across USA and Europe. Pleatco Filtration brings together the combined forces of former brands APEL, Milton, and TVS under the one banner, leveraging collective engineering, manufacturing, and logistics resources to deliver best-in-class products backed by industry leading sales, marketing, and customer service teams.
About Align Capital Partners
Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to create shared success. ACP manages $325 million in committed capital with investment teams in Cleveland and Dallas. ACP brings experience and resources to help companies accelerate their growth, to the benefit of management, employees, and the firm’s investors. ACP makes control investments in lower-middle market business services, specialty manufacturing, and value-added distribution companies. For more information, visit www.aligncp.com.