Founded in 1979, Salisbury, Maryland-headquartered Viskon-Aire manufactures air and paint filtration products used in commercial and industrial HVAC applications as well as paint spray booths worldwide.
“This is the first acquisition and a critical piece of our overall strategy to build a world class filtration business focused on serving the needs of our customers through a broad portfolio of solution based filtration products,” said Ost.
Ost has spent more than 25 years in the filtration business, most recently as CEO of Filtration Group.
Viskon-Aire CEO Chip Meyer and president Rob Johnson added: “With this strategic investment, we believe Viskon-Aire has never been better positioned to address the changing needs of our customers through the introduction of innovative new products. All our employees are excited about the possibility of expanding our manufacturing capabilities in Salisbury, MD as well as in other regions of the United States in support of our customer focused strategy.”
Dave Tolmie, partner with Edgewater Funds, said: “Our strategy is to partner with proven executives like Brandon Ost to create industry leading companies through acquisitions and organic growth. Viskon-Aire is a first class company and we are very pleased to launch our platform investment in partnership with Chip Meyer and Rob Johnson.”
“This acquisition aligns well with our strategy to partner with best in class investors and operating executives,” said Mike Flannery, CEO of Duchossois Capital Management.
The Edgewater Funds is a Chicago-based private equity firm while Duchossois Capital Management is a privately held, family owned investment company.
