Filtration Mergers & Acquisitions Review 2024

The Filtration+Separation listing of filtration-related M&A activity announced or completed during 2024, from Gerard Daniel buying Rhodius KMS to US private equity firm Altus Capital Partners acquiring Air Innovations LLC.

Image © thodonal - stock.adobe.com.

First Quarter 2024

Gerard Daniel completes acquisition of Rhodius KMS

Graycliff Partners LP portfolio company Gerard Daniel Worldwide has completed its acquisition of the Knitted Mesh & Separation division of Rhodius GmbH (Rhodius KMS).

 

ABB expands in smart water management with optical sensor company acquisition

ABB is acquiring Real Tech, a Canadian supplier of optical sensor technology that enables real-time water monitoring and testing.

 

Trojan Technologies to sell Salsnes Filter

Trojan Technologies announced plans to sell its Salsnes Filter business to current and former members of the Salsnes management team.

 

SF-Filter acquires distribution partner Hermans Brems

Switzerland’s SF-Filter Group has acquired Hermans Brems NV, a former distribution partner based in Halen, Belgium.

 

Rensa expands filtration portfolio with multiple acquisitions

Rensa Filtration, a manufacturer and distributor of consumable, mission-critical air filtration products, announced today that it has acquired several businesses that provide distribution, sales and service of air filters to commercial and industrial customers and end-users in California, Illinois, New York and Arizona.

 

Indutrade acquires German trading company Pure!

Indutrade has acquired all shares in the German trading company Pure! GmbH. Located in Diez, Pure! specialises in industrial compressed air treatment and process filtration.

 

Ingersoll Rand expands in air treatment with acquisition of Friulair

Ingersoll Rand Inc has acquired Friulair Srl, an Italian designer and producer of dryers, filters, aftercoolers, and accessories for the treatment of compressed air, as well as a chiller product line.

 

DXP Enterprises acquires Kappe Associates

DXP Enterprises Inc has acquired Kappe Associates Inc, a US distributor and manufacturers’ representative of pumps, controls and process equipment for the water and wastewater industry.

 

Sogefi to sell filtration unit to US private equity firm

Italy’s Sogefi has entered into an agreement to sell its Filtration business unit to the US private equity fund Pacific Avenue Capital Partners for an enterprise value of €374 million.

 

American Air Filter acquires Northeast Air Solutions

American Air Filter Co Inc (AAF International) has acquired Northeast Air Solutions Inc, a provider of clean air solutions to New England since 1946.

 

Second Quarter 2024 

Left to right: David Young, VP Operations, Main Filter; Malte Röcke, managing director, Global Hydraulics, Hengst; and AJ Bisceglia, general manager, Main Filter

Hengst acquires North American hydraulic filter specialist Main Filter

Three years after buying the hydraulic filter business of Bosch Rexroth, Germany's Hengst Filtration is further expanding its activities in this area by acquiring the North American hydraulic filter manufacturer Main Filter.

 

Ingersoll Rand acquires Italy’s Ethafilter

Ingersoll Rand Inc has acquired Ethafilter srl, an Italian producer of filters and filter elements that can be used with all major brands in the compressed air sector.

 

De.mem to acquire Australian pump and filter business

De.mem Ltd, a provider of decentralized water and wastewater treatment solutions, has signed a binding agreement to acquire the Border Pumpworks business, based in Wodonga in regional Victoria, Australia.

 

GWTT acquires Carbonworks USA

US water solutions company Ground/Water Treatment & Technology LLC (GWTT) has acquired Carbonworks USA LLC, an Atlantic Beach, Florida-based provider of water treatment equipment systems, filtration media and associated services across the Mid-Atlantic and southeastern United States.

 

Third Quarter 2024 

Image © Brandon Seide - Adobe Stock.

Cleanova expands in US with Sidco Filter and Shawndra Products purchase

Cleanova acquired Sidco Filter Company and Shawndra Products Inc, two US clean tech filtration companies. Established in 1997 and headquartered in Manchester, New York, Sidco Filter Company manufactures original equipment manufacturer (OEM) and aftermarket filters for air and gas markets. Shawndra Products Inc, which was founded in 1982 and is headquartered in Lima, New York, provides filter elements. Sidco and Shawndra merged earlier in the year to form Sidco Group, prior to the acquisition by Cleanova.

 

Idex Corp to acquire Mott Corp in US$1bn deal

Idex Corp entered into a definitive agreement to acquire Mott Corporation and its subsidiaries for cash consideration of US$1 billion. Mott is a microfiltration business specializing in the design, customization, and manufacturing of sintered porous metal components and engineered solutions used in fluidic applications.

 

Atlas Copco to acquire Italian filter distributor

Easy Filtration SRL, an Italian company that distributes process filters and associated services, is joining Atlas Copco Group. Milan-based Easy Filtration provides filter cartridges for air, gas and process liquids, filter housings and clean-in-place systems mainly for customers in the industrial coatings, chemical, cosmetics and pharmaceutical sectors.

 

Truelink Capital buys Air Distribution Technologies from Johnson Controls

US private equity firm Truelink Capital acquired Johnson Controls’ air management and filtration solutions business Air Distribution Technologies.

 

Aquastill acquires SolarSpring’s membrane distillation assets out of liquidation

Aquastill BV in the Netherlands acquired SolarSpring membrane distillation assets following the insolvency proceedings of SolarSpring GmbH. The assets acquired by Aquastill consist of the intellectual property (IP), laboratory equipment and selected R&D projects.

 

Flotilla Partners buys Water Treatment Technologies of Florida

Flotilla Partners acquired Water Treatment Technologies of Florida (WTT), its eighth acquisition since the platform's launch in January 2023. Founded in 2004 and headquartered near Orlando, WTT provides water treatment services for residential and commercial customers in Central Florida.

 

Atlas Copco acquires Danish process filtration company

Sweden’s Atlas Copco Group bought Danmil A/S, a Danish process filtration company serving the pharma and food and beverage sectors.

 

Donaldson takes minority stake in Italy’s Medica SpA

Donaldson Company Inc completed its previously announced acquisition of a 49% ownership stake in Medica SpA for approximately €62 million, excluding transaction-related fees and expenses. Medica is focused on hollow fiber membrane filtration technology for medical device applications and water purification. This acquisition supports Donaldson’s strategy of building and expanding the capabilities of its Life Sciences business.

 

Fluidra to acquire Australian filtration systems manufacturer Chadson Engineering

Spanish pool and wellness company Fluidra SA is acquiring Chadson Engineering, an Australian designer and manufacturer of granular and regenerative filtration systems. Based in Perth, Western Australia and with over 50 years of experience, Chadson manufactures commercial filtration systems for swimming pools, water theme parks, marine parks, aquaculture, and other sectors.

 

Nederman acquires Canada’s Duroair Technologies

Nederman strengthened its Extraction & Filtration Technology (E&FT) division in the US and Canada with the acquisition of the Canadian company Duroair Technologies Inc. Headquartered in Niagara Falls, Ontario, Duroair designs, manufactures and sells climate controlled air filtration mainly for the US and Canada markets.

 

Grundfos completes Culligan C&I acquisition

Grundfos acquired the Commercial & Industrial (C&I) business of Culligan in Italy, France, and the UK. The acquisition expands Grundfos’s position within the European water treatment market, bringing a complementary portfolio of solutions and technologies for industrial and commercial needs.

 

Axius Water acquires Italy's MITA Water Technologies

Axius Water acquired MITA Water Technologies, a supplier of wastewater filtration systems based in Siziano, Italy.

 

Wind Point Partners acquires Clean Solutions Group

Wind Point Partners, a Chicago-based private equity firm, invested in Clean Solutions Group (CSG), a US manufacturer of nonwoven filtration media and cleaning products primarily for commercial, industrial and residential end markets.

 

Rensa Filtration acquires The Filter Shop

Rensa Filtration acquired The Filter Shop, a US company with air filter distribution centers and service teams in Omaha, Nebraska, and Des Moines, Iowa. The Filter Shop will now have access to Rensa Filtration’s full production facilities, engineers, and R&D team.

 

 

Fourth Quarter 2024 

Lithium fields in Chile - Image © freedom_wanted - Adobe Stock.

Rio Tinto to acquire Arcadium Lithium in US$6.7bn deal

Mining company Rio Tinto is acquiring Arcadium Lithium plc, a global, vertically integrated lithium chemicals producer with diversified production and processing capabilities, including conventional brine extraction and direct lithium extraction (DLE).

 

H2O Innovation acquires NextEra Distributed Water

H2O Innovation Inc acquired NextEra Distributed Water via a carveout transaction. NextEra and its portfolio of sustainable wastewater treatment and reuse projects will now operate under the H2O Innovation brand as its newly formed Water Infrastructure & Development business line. H2O Innovation has been delivering and operating WaterHub assets through an existing commercial partnership with NextEra for several years.

 

Lifco to acquire Germany’s Kögel Filter

Lifco has signed an agreement to acquire a majority of the shares in the German company Kögel Filter GmbH - Contecma Filtration. Landau-based Kögel Filter is a specialist in process filtration and manufactures filters for the chemical and pharmaceutical industries.

 

Micronics Engineered Filtration Group announces acquisition of Action Filtration

The Micronics Engineered Filtration Group acquired Action Filtration, a Hope, Indiana, USA-based manufacturer of replacement pleated filters and cartridge dust collector filters for air pollution control and environmental protection. 

 

Applied Industrial Technologies expands in fluid power with acquisition of Hydradyne

Applied Industrial Technologies has completed the acquisition of Hydradyne LLC, a Dallas, Texas-based provider of fluid power solutions with advanced service capabilities and product offerings in hydraulics, pneumatics, electromechanical, instrumentation, filtration, and fluid conveyance.

 

Altus Capital Partners acquires Air Innovations

US private equity firm Altus Capital Partners has acquired Air Innovations LLC, a manufacturer of environmental control units (ECUs) for temperature control, humidity control, and air filtration in the wine, aerospace, semiconductor, homeland security, and healthcare markets.