AEA Investors' Middle Market Private Equity team and British Columbia Investment Management Corporation have acquired Rensa Filtration, a provider of highly engineered air filtration solutions for mission-critical applications.
Audax Private Equity will retain a minority stake in the business alongside Rensa's management, reflecting their continued confidence in the company's long-term growth strategy. Terms of the transaction were not disclosed.
Founded in 2017 and headquartered in Aurora, Illinois, Rensa is one of the largest US-based privately held filtration companies.
Rensa's model combines proprietary media manufacturing, technical expertise, local service capabilities and deep customer and channel relationships, enabling the company to provide full lifecycle solutions.
AEA and BCI will support Rensa's management team as they continue to broaden their footprint and add complementary capabilities across North America and Europe, both organically and via acquisitions.
Rensa founder & CEO, Brandon Ost, said the company was formed to serve as a technical partner customers can rely on to solve their most demanding filtration challenges, with the capabilities to respond locally and deliver reliably when performance matters most.
"Our employees and the businesses that have joined Rensa have been central to our growth. With AEA and BCI, we can invest further in engineering and manufacturing capabilities, extend our value-added service and distribution network, and welcome additional businesses to our platform," Ost said.
AEA Investors partner, Vinay Kumar, said the modern economy requires highly controlled environments across complex digital and manufacturing processes.
"Brandon and his team have built a differentiated filtration platform with a strong track record of meeting customer needs across applications," Kumar said.