Celeros Flow Technology to sell its Filtration business to private equity firm

Celeros Flow Technology has entered into a definitive agreement to sell its Filtration business unit to the UK-headquartered private equity firm Px3 Partners.

Celeros Flow Technology’s filtration brands include Airpel, Plenty Filtration, Dollinger and Vokes.

When the deal closes, Celeros Flow Technology intends to accelerate the strategic transformation of its flow control solutions, which includes pumps, valves and closures, through reinvestment in the business, its employees, and strategic acquisitions. Celeros Flow Technology is held by funds affiliated with Apollo Global Management Inc.

José Larios, president and CEO of Celeros Flow Technology, said: “The fit for Px3 and the Filtration business is strong and will result in great outcomes for our Filtration team members around the world. Upon completion of the sale, our business will be concentrated on serving customers in mission-critical flow control applications through our well positioned pump, valve, and closure brands.”

“We are thrilled to announce our first investment with the acquisition of Filtration,” said the managing partners of Px3. “We look forward to working closely with Filtration’s management team to build a global industrial filtration champion and purpose-driven leader in clean tech, with a best-in-class culture of performance. The acquisition perfectly aligns with our investment strategy, our situational differentiation, and our commitment to invest in high-quality businesses, with passionate teams and significant transformational growth potential.”