Kennesaw, Georgia-headquartered Fumex designs and manufactures commercial and industrial fume extraction solutions. Fumex's systems are employed across a broad spectrum of industrial and healthcare applications, including laser cutting for precision component manufacturing, 3D printing, soldering, plastic processing. Engineered for optimal performance, these systems efficiently manage particulate and chemical fumes, ensuring a safer environment for workers, equipment, and processes.
As part of the transaction, Fumex CEO Kevin East will reinvest equity and continue to lead the business going forward alongside the rest of the existing management team.
"On behalf of the entire Fumex team, we couldn't be more excited to begin this next chapter with Vance Street," said East. "This partnership will allow us to invest in the business and drive growth both organically and through M&A."
Vance Street's portfolio already includes filtration companies Micronics and Keltec.
"Vance Street is always looking to partner with successful managers like Kevin," said Nic Janneck, partner at Vance Street. “Over the last 20+ years, Kevin and his team have built a highly differentiated company. With Vance Street's additional support and capital, Fumex will be able to invest in the business, accelerate its new product development and continue to provide its customers with sought after solutions."
"Fumex has established itself as a leader in fume extraction, with products that are critical to the safety and efficiency of its customers' operations," said Grady Miller, principal at Vance Street. "Vance Street is excited to partner with Fumex because of its well-regarded product offering, positive market perception and scalable operations that have enabled it to build a large and diversified install base with recurring aftermarket filter sales."
"We are excited to partner with Kevin and his team to further penetrate existing end markets, broaden the product portfolio to serve new markets while also targeting strategic M&A opportunities," said Yousaf Tahir, principal at Vance Street. "Vance Street's ability to leverage its experience in the filtration market makes Fumex a great fit."