Keltec Technolab closes AJR Filtration acquisition
The transaction creates one of the largest industrial filtration platforms in North America, adding process liquid and dust collection capabilities to Keltec's existing compressed air and hydraulic aftermarket portfolio.
Keltec, headquartered in Hudson, Ohio, provides aftermarket filtration components including air/oil separators, coalescing filters, and refrigerated air dryers for general industrial, pharmaceutical, and aerospace applications. "We are proud to bring Keltec and AJR Filtration together.
The combined platform represents one of the largest industrial filtration platforms headquartered in North America, serving critical filtration needs of customers across the globe," said Yousaf Tahir, Principal at Vance Street, and Chuck Hughes, Vice President at Vance Street. Debt financing for the transaction was provided by Apogem Capital and BMO.
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