Parties
Company
Sun Capital Partners, Inc.
Company
Koch Engineered Solutions, LLC
Company
Koch Separation Solutions
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.
Deal Type
Merger & AcquisitionIndustry
InfrastructureTransaction
$ 187,504,875Deal Status
ClosedClosing Date
24 October 2023