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New Deal


Announced

Completed

Freudenberg completed the acquisition of Protect Plus Air from Hammond Kennedy Whitney & Company.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Acquisition

hvac systems

Single Bidder

air filtration

United States

Friendly

Majority

Cross Border

Private

Energy / Utility Services

Completed

Synopsis

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Freudenberg, a German family-owned diversified group of companies, completed the acquisition of Protect Plus Air, an air filter supplier in Hickory, North Carolina, from Hammond Kennedy Whitney & Company, an Indianapolis-based private equity firm. Financial terms were not disclosed. "With the acquisition of Protect Plus Air, we are expanding our portfolio of filtration solutions in the important North American market by adding the attractive, fast-growing field of residential building ventilation. Protect Plus Air is expanding and strengthening our already existing filtration portfolio for mobility and industrial applications worldwide," Mohsen Sohi, Freudenberg Group CEO.

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