Vance Street Announces Sale of Micronics Engineered Filtration Group to PX3-Owned Cleanova
- Editor
- Mar 5
- 1 min read
Whats Happening:
Vance Street Capital is selling Micronics Engineered Filtration Group to Cleanova, a portfolio company of PX3 Partners. The transaction combines Micronics' strong presence in North America and air filtration solutions with Cleanova's leading position in EMEA and specialization in liquid filtration. This merger creates an expanded global entity in the filtration industry.
Key Moves:
Vance Street Capital sells Micronics Engineered Filtration Group to PX3-owned Cleanova
Chris Cummins to become CEO of the combined business, which will retain the Cleanova name
Vance Street and Micronics management to reinvest significantly in the platform
By The Numbers:
Micronics has a team of 1100+ employees
Vance Street helped increase Micronics' EBITDA approximately 10x since originally partnering
Transaction expected to close in Q2 2025
Key Quotes:
"The Micronics story is one that perfectly encompasses Vance Street's playbook," said Nic Janneck, Partner at Vance Street.
"Vance Street has been instrumental in building Micronics into one of the leading filtration platforms in North America," said Chris Cummins, Chief Executive Officer of Micronics.
Bottom Line:
The sale of Micronics to Cleanova marks a significant milestone for Vance Street Capital, showcasing their ability to transform a small, founder-owned business into a leading independent aftermarket filtration platform. This transaction combines complementary strengths in different regions and filtration specialties, potentially creating a more robust global player in the filtration industry.
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