Sun Capital has agreed to acquire Koch Separation Solutions from Koch Engineered Solutions, a subsidiary of Koch Industries, one of the largest private companies in the world.
Koch Separation Solutions (KSS) provides membrane filtration, ion exchange, evaporators, dryers, and cheesemaking equipment to the industrial, food, beverage, dairy, and life science markets. The company’s equipment portfolio uses a wide range of pore sizes ranging from reverse osmosis which offers the finest degree of separation, followed by nanofiltration, ultrafiltration and microfiltration, which has the largest pore size.
KSS was founded in 1963 and began as a provider of membrane filtration primarily serving industrial markets with water and wastewater treatment. In November 2019, KSS acquired Eco-Tec, a Canada-based maker of ion exchange equipment used to remove contaminants in process streams based on particle charge; and RELCO, a Minnesota-based maker of thermal separation equipment used in the food and dairy sectors for evaporation, drying, and cheesemaking.
KSS, led by President Manny Singh, is headquartered north of Boston in Wilmington, Massachusetts. “Sun Capital and KSS share a common vision of innovation and continuous improvement to best serve our customers,” said Mr. Singh. “KSS has an established history in the separations space, with over half a century’s worth of experience providing innovative solutions to customers worldwide. We are excited about this opportunity as it positions KSS to build upon longstanding relationships while growing our capabilities as a complete solutions provider.”
“We are very excited to enter into this agreement and look forward to working with the KSS team to support the business as a strong standalone enterprise,” said Jeremy Stone, a senior managing director at Sun Capital. “Sun Capital has a long history of successfully partnering with outstanding management teams in industrial businesses across multiple sectors. We’re confident that we can apply that experience and our deep, in-house operational resources to help management execute its business plan, accelerate growth, and further the company’s ability to help customers increase productivity while meeting sustainability goals.”
Koch Engineered Solutions (KES) is a provider of equipment and services used for mass and heat transfer; combustion and emissions controls; filtration and separation; automation and actuation. KES is based in Wichita, Kansas.
“Koch is proud to have founded and grown KSS into an industry leader in the separation solutions space,” said Dave Dotson, the president of KES. “Through our recent work with the Sun Capital team, it became apparent that there is an aligned vision with KSS that will take the company to its next level of success.”
Sun Capital invests in leveraged buyouts, equity, and debt in companies that can benefit from its in-house operating professionals and experience. Sectors of interest include business services, consumer, healthcare, industrial, and technology. The firm has invested in and managed more than 500 companies worldwide with combined sales in excess of $50 billion since its inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles and New York, and an affiliate office in London.
© 2023 Private Equity Professional | August 15, 2023
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- Source: https://peprofessional.com/blog/2023/08/15/sun-carves-separations-business-from-koch/
