AEA Investors’ Middle Market Private Equity team and British Columbia Investment Management Corporation acquired Rensa Filtration from Audax Private Equity.
Audax will retain a minority stake in Rensa alongside the company’s management team.
Rensa provides highly engineered air filtration solutions for mission-critical environments including data centers, power generation, semiconductor manufacturing, healthcare, and life sciences.
Founder and CEO Brandon Ost established Rensa in 2017.
The Aurora, Illinois-based company has grown into one of the largest privately held U.S. filtration businesses.
Rensa combines proprietary filtration media manufacturing, filter design, technical capabilities, distribution, and local service operations.
Since its formation, the company has expanded through partnerships and acquisitions involving founders and management teams in the filtration industry.
AEA and BCI plan to support additional expansion across North America and Europe.
The growth strategy includes investments in engineering and manufacturing, expansion of Rensa’s services and distribution network, and additional acquisitions.
Audax’s retained ownership position will provide continuity as the company pursues its next stage of expansion.
KEY QUOTES:
“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.”
Brandon Ost, Founder and CEO of Rensa Filtration
“Brandon and his team have built a differentiated filtration platform with a strong track record of meeting customer needs across applications.”
Vinay Kumar, Partner at AEA Investors
“Rensa’s unique operating model and strong customer relationships create a solid foundation for continued growth.”
Jon Salon, Executive Vice President and Global Head of Private Equity at BCI