Vance Street Capital LLC, a Los Angeles-based private equity firm, and Micronics Filtration Holdings, Inc. a global provider of wet and dry filtration aftermarket products, today announced the acquisition of United Process Control, Inc. UPC is the fourth add-on acquisition for Micronics since December 2014. Terms of the transactions were not disclosed.
UPC is a full service provider of baghouse inspection, mechanical repair, bag change outs and aftermarket parts to customers in the power, steel, cement, chemical, and food industries across the United States. UPC will join forces with Micronics subsidiary C.P. Environmental (“CPE”), a leader in dry filtration service, maintenance, replacement bags and parts.
“With the addition of UPC, Micronics Holdings has significantly grown its dry filtration business, increasing its ability to meet the service and aftermarket needs of its customers,” said Richard Crowell, Managing Partner at Vance Street Capital.
“Working closely with portfolio companies such as Micronics to source, close and integrate strategic add-on acquisitions that allow our portfolio companies to accelerate their growth is central to our investment strategy.”
“The addition of UPC allows us to better meet our aftermarket customers’ needs for engineered and technically complex mechanical repairs to their existing dry filtration systems,” said Micronics President and CEO Rick Weiler.
“This transaction also expands our presence on the east coast and in the southern portion of the United States. Working together, I am confident we will be able to achieve significant growth while also providing our customers with outstanding service.”