PX3 Partners-backed Cleanova to acquire Micronics Engineered Filtration from Vance Street Capital for $1.3bn.

PX3 Partners-backed Cleanova, a filtering technology company, agreed to acquire Micronics Engineered Filtration, a global provider of customized engineered filtration solutions, from Vance Street Capital, a private equity firm, for $1.3bn. "This transformational partnership with Micronics marks a significant milestone in Cleanova's growth journey, propelling us into a new phase of geographical expansion and product diversification. Cleanova and Micronics are highly complementary businesses and we are excited to join forces to become a leading independent industrial filtration company globally." Javaid Riaz, Cleanova Board Member.