M&A Deal Summary

Px3 Partners Acquires Cleanova

On May 10, 2023, private equity firm Px3 Partners acquired manufacturer Cleanova from Celeros Flow Technology

Acquisition Highlights
  • This is Px3 Partners’ 1st transaction in the Manufacturing sector.
  • This is Px3 Partners’ 1st transaction in Ireland.

M&A Deal Summary

Date 2023-05-10
Target Cleanova
Sector Manufacturing
Buyer(s) Px3 Partners
Sellers(s) Celeros Flow Technology
Deal Type Divestiture

Target

Cleanova

Killarney, Ireland
Cleanova provides consumable, mission-critical industrial filtration systems that allow customers to sustain their industrial processes and protect the environment by increasing efficiency, reducing emissions, and decreasing waste. The company delivers engineered-to-order products across a range of end markets to a diversified international customer base operating in a wide variety of industrial end-markets. Cleanova is based in Killarney, Ireland.

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Buyer(S) 1

DESCRIPTION

Px3 Partners is a private equity firm focused on partnering with companies with growth-oriented companies throughout Europe. The Firm seeks to partner with entrepreneurs and management teams in select segments of the business services, consumer and leisure, and industrials sectors. Px3 Partners was founded in 2021 and is headquartered in London, United Kingdom.


DEAL STATS #
Overall 1 of 3
Sector: Manufacturing M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
Country: Ireland M&A 1 of 1
Year: 2023 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 Cofimco

Pombia, Italy

Cofimco is a designer and manufacturer of highly engineered aluminum and fiberglass axial fans for sophisticated and demanding cooling tower, evaporative condenser, and air-cooled condenser fan applications. Cofimco was founded in 1975 and is based in Pombia, Italy.

Buy -

Seller(S) 1

SELLER

Celeros Flow Technology

Charlotte, North Carolina, United States

Category Company
Sector Manufacturing
DESCRIPTION

Celeros Flow Technology is a manufacturer of industrial parts and components for diverse end markets such as: conventional, renewable and nuclear power, oil and gas (both onshore and offshore), petrochemical processing and water treatment; as well as those building and operating marine vessels for commercial and defense applications. Celeros Flow Technology is based in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Ireland M&A 1 of 1
Year: 2023 M&A 1 of 1