Company Overview
Pleatco is a leading designer and manufacturer of aftermarket pleated filter cartridges, pleated bags and other filtration products for the industrial air and pool / spa markets across North America and Europe. Pleatco Filtration brings together the combined forces of several brands under the one umbrella, leveraging collective engineering, manufacturing and logistics resources to deliver best-in-class products backed by industry leading sales, marketing and customer service teams.
Situation
- Recapitalization opportunity of a family-owned business
- Rapidly growing platform with multiple expansion opportunities
- Sellers valued a firm with experience diversifying end markets through add-ons
Key Platform Attributes
- Leading market position
- Unmatched product innovation and engineering
- Repeat demand business given consumable nature of product
ACP Impact
- Doubled revenue and headcount during partnership
- Invested in sales and marketing talent and resources to accelerate growth
- Successfully launched Industrial Air Division through several add-on acquisitions
- Improved financial reporting and key performance indicator tracking
- Greenfielded new HQ to support growth
ACP helped Pleatco design and execute a strategy to expand into a new end-market and diversify the Company. This doubled our addressable market and positioned us for sustained growth. Today, we’ve made huge strides to implement the facilities, processes, systems, and talent required to achieve our ambitious growth goals.
Seth Soltow
President, Pleatco Filtration
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Pleatco Filtration
Industry Sector:
Air and Liquid Filtration
Investment Date:
June 2017
Exit Date:
October 2021
# of Add-Ons Completed:
6