Alantra advises Fibrix LLC on the sale of Fibrix Filtration to Branford Castle Partners

Aug 2020

Sell-side advisory

BOSTON – Alantra, a leading global investment bank and asset management firm, is pleased to announce it has advised Fibrix LLC on the sale of Fibrix Filtration to the US private equity firm Branford Castle Partners. Alantra acted as exclusive financial advisor to Fibrix, LLC. The transaction closed on August 13, 2020 and the deal value was not disclosed.

Based in Charlotte, N.C., Fibrix Filtration manufacturers high-performance, customized nonwoven media that are used primarily in industrial and commercial air filtration systems.  Its highly engineered products play a crucial role in optimizing the performance of these systems, resulting in improved air quality, lower energy costs and better human health.  Fibrix Filtration is the only North American manufacturer which produces both high loft and pleat filtration media and is well-positioned within the growing market for high-efficiency air filtration. Fibrix Filtration also manufactures highly customized products used in residential air filtration, liquid filtration and certain types of residential cooling systems.

Keith White, Chief Executive Officer of Fibrix Filtration, stated, “The shareholders of Fibrix are extremely thankful for the efforts of the Alantra team and we were consistently impressed by their advice and professionalism. I have worked with numerous professional service organizations over the years and Alantra’s dedication and level of service set a new bar for excellence,” he concluded. The Alantra team advising Fibrix included Paul Colone (Managing Director & Partner, Boston), Greg Fanikos (Director, Boston) and Tom Kulesa (Analyst, Boston).

“We are delighted to assist the Fibrix shareholders on the sale of their Filtration business to Branford Castle,” said Mr. Fanikos. “We believe that this is an excellent match as Branford Castle is very enthusiastic about management’s growth strategy centered around new, innovative products and differentiated manufacturing capabilities. We wish Branford Castle and Fibrix Filtration tremendous success in their partnership together.”

Mr. Colone added, “This transaction illustrates Alantra’s ability to successfully manage the sale of attractive businesses despite the effects of the global Covid-19 pandemic. This transaction was made possible due to the successful combination of Fibrix Filtration’s consistent and positive performance, Branford Castle’s commitment to closing and Alantra’s tenacity to deliver for our client.  We are very pleased to add another significant credential to our vast experience in the Specialty Materials sector.”