Sun Capital acquires Koch Separation Solutions from Koch Engineered Solutions

Company

Sun Capital Partners, Inc.

Law Firm / Organization
Kirkland & Ellis LLP
Law Firm / Organization
McMillan LLP

Company

Koch Engineered Solutions, LLC

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Company

Koch Separation Solutions

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

On August 14, 2023, Sun Capital Partners, Inc., a leading private investment firm, has reached a definitive agreement to acquire Koch Separation Solutions (KSS) from Koch Engineered Solutions, LLC, a subsidiary of Koch Industries, Inc. The transaction, set to boost KSS’s market presence and economies of scale, involves KSS continuing as a standalone entity under its current management, led by President Manny Singh.

Founded in 1963, KSS, headquartered in Wilmington, Massachusetts, employs over 700 staff. The company has pioneered separation technologies, including membrane filtration, ion exchange, evaporators, dryers, and proprietary cheesemaking technologies, catering to industrial, food, beverage, and dairy sectors. KSS has a rich history of innovation and customer-focused solutions, continuously expanding its capabilities through strategic acquisitions like Eco-Tec and RELCO, enhancing its integrated solutions offerings.

Jeremy Stone, Senior Managing Director at Sun Capital, expressed enthusiasm about supporting KSS as an independent enterprise, highlighting the firm’s experience in enhancing industrial businesses. Dave Dotson, President of Koch Engineered Solutions, remarked on the shared vision between Sun Capital and KSS, which facilitated the transaction.

The acquisition awaits customary closing conditions, including regulatory approvals.

Merger & Acquisition
Infrastructure
$ 187,504,875
Closed
24 October 2023