M&A Deal Summary

KCM Capital Partners and Gemini Investors Acquire Tekleen Automatic Filters

On December 1, 2021, private equity firms KCM Capital Partners and Gemini Investors acquired machinery company Tekleen Automatic Filters

Acquisition Highlights
  • This is KCM Capital Partners’ 2nd and Gemini Investors’ 1st transaction in the Machinery sector.
  • This is KCM Capital Partners’ 6th and Gemini Investors’ 108th transaction in the United States.
  • This is KCM Capital Partners’ 2nd and Gemini Investors’ 14th transaction in California.

M&A Deal Summary

Date 2021-12-01
Target Tekleen Automatic Filters
Sector Machinery
Buyer(s) KCM Capital Partners
Gemini Investors
Deal Type Buyout (LBO, MBO, MBI)

Target

Tekleen Automatic Filters

Santa Fe Springs, California, United States
Tekleen Automatic Filters provides automatic, self-cleaning water filtration equipment to a wide variety of industrial, commercial and municipal customers, having sold more than 25,000 filters worldwide while counting many Fortune 500 businesses as key clients. Tekleen Automatic Filters was founded in 1986 and is based in Santa Fe Springs, California.

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Buyer(S) 2

DESCRIPTION

KCM Capital Partners LLC is a private equity firm focused on investing in lower middle-market business services, value-added distribution, and specialty industrial companies throughout the US. KCM has a preference for 'fundamentals well-positioned' companies undergoing transition or experiencing change. The Firm looks to commit $10 to $50 million per platform investment and will consider transactions valued up to $150 million. KCM Capital Partners LLC was formed in 2017 and is headquartered in Chicago.


DEAL STATS #
Overall 6 of 10
Sector: Machinery M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 7
State: California M&A 2 of 2
Country: United States M&A 6 of 9
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-01 Four State International Trucks

Joplin, Missouri, United States

Four State International Trucks is a specialty distributor of aftermarket parts for the heavy-duty truck industry, specializing in chrome accessories and collision repair parts. Four State International Trucks was founded in 1979 and is based in Joplin, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-17 ICAT Logistics

Coppell, Texas, United States

ICAT Logistics is a specialty provider of global transport logistics and expedited freight services. ICAT Logistics was founded in 1993 and is based in Coppell, Texas.

Buy -
Buyer

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 108 of 129
Sector: Machinery M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 45 of 54
State: California M&A 14 of 16
Country: United States M&A 108 of 129
Year: 2021 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 360 Physical Therapy

Chandler, Arizona, United States

360 Physical Therapy operates outpatient physical therapy clinics that treat a wide range of orthopedic, chronic pain, neuropathic, and vestibular disorders. 360 Physical Therapy was founded in 2001 and is based in Chandler, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-09 Phoenix Aromas

Norwood, New Jersey, United States

Phoenix Aromas is a value-added distributor of essential oils, aroma chemicals, absolutes, and oleoresins. These flavor and fragrance components serve as the foundation of hundreds of end products in the growing markets of food & beverage, fragrance, and personal care. Phoenix Aromas was founded in 1994 and is based in Norwood, New Jersey.

Sell -