M&A Deal Summary

Pentair Acquires Pleatco Filtration

On September 15, 2021, Pentair acquired manufacturer Pleatco Filtration from Align Capital Partners for 255M USD

Acquisition Highlights
  • This is Pentair’s 5th transaction in the Manufacturing sector.
  • This is Pentair’s 6th largest (disclosed) transaction.
  • This is Pentair’s 11th transaction in the United States.
  • This is Pentair’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2021-09-15
Target Pleatco Filtration
Sector Manufacturing
Buyer(s) Pentair
Sellers(s) Align Capital Partners
Deal Type Add-on Acquisition
Deal Value 255M USD
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
McGuireWoods LLP (Legal)

Target

Pleatco Filtration

Louisville, Kentucky, United States
website
Pleatco Filtration is a provider of replacement filter cartridges and filtration products to the industrial air and the pool/spa markets across North America, Europe, and around the globe. Pleatco is dedicated to providing customers superior product quality, great service, and industry-leading engineering. Through science and innovation, Pleatco’s products provide clean air filtration for manufacturing employees and clean water to families and the environment broadly. Pleatco Filtration was founded in 2006 and is based in Louisville, Kentucky.

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Buyer(S) 1

Buyer

Pentair

London, United Kingdom

website


Category Company
Founded 1966
Sector Diversified
Employees9,500
Revenue 3.0B USD (2020)
DESCRIPTION
Pentair facility in Roseville, Minnesota.
Pentair facility in Roseville, Minnesota.

Pentair is a global diversified industrial products company. Pentair's Water and Fluid Solutions segment is a provider of water and fluid processing products and solutions used in a wide range of applications. Pentair's Technical Products segment is a provider of products that enclose and protect some of the world's most sensitive electronics and electrical equipment, ensuring their safe, secure and reliable performance. Pentair was founded in 1966 and is based in London.


DEAL STATS #
Overall 16 of 17
Sector (Manufacturing) 5 of 5
Type (Add-on Acquisition) 13 of 13
State (Kentucky) 1 of 1
Country (United States) 11 of 12
Year (2021) 2 of 2
Size (of disclosed) 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-20 Ken’s Beverage

Plainfield, Illinois, United States

Ken’s Beverage is a provider of beverage equipment, installation, service, preventive maintenance, project deployment, and water filtration systems for restaurants, convenience stores, and foodservice companies. Ken’s Beverage is based in Plainfield, Illinois.

Buy $80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-03 Manitowoc Ice

Manitowoc, Wisconsin, United States

Manitowoc Ice is a designer, manufacturer, and distributor of commercial ice machines in the United States and globally. Manitowoc Ice has excelled at delivering differentiated product innovation, food safety, and sustainability in icemaking. Manitowoc Ice is based in Manitowoc, Wisconsin.

Buy $1.4B

Seller(S) 1

SELLER

Align Capital Partners

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2016
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Align Capital Partners is a private equity firm focused on growth-oriented companies with recurring products and services. Align will consider companies with $3 to $15 million of EBITDA headquartered in the US or Canada. Sectors of interest include aerospace, defense, medical products, energy services, business services, chemicals, packaging, building materials, transportation, utility products/services, niche manufacturing, and value-added distributors. Align Capital Partners is based in Dallas, Texas.


DEAL STATS #
Overall 4 of 9
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (Kentucky) 2 of 2
Country (United States) 4 of 9
Year (2021) 3 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 Electronic Transaction Consultants

Richardson, Texas, United States

Electronic Transaction Consultants is a technology solutions provider for the mobility and transportation industries. ETC's solutions process over 2 billion transactions annually, incorporating the latest in open-source machine learning and data streaming technology, with predictive Big Data analytics to offer innovative architectures comprising our riteSuite products. Electronic Transaction Consultants was founded in 1999 and is based in Richardson, Texas.

Sell $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 We Are Rosie

Chattahoochee Hills, Georgia, United States

We Are Rosie is an independent marketing experts, available on-demand to augment, complement, backfill, or accelerate in-house team and capabilities. We Are Rosie was founded in 2018 and is headquartered in Atlanta, Georgia.

Buy -