Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Sale of its interest in Filtran to Madison Capital Partners
Baird served as financial advisor to SPX Corporation
SPX Corporation ("SPX") (NYSE: SPW) completed the sale of its interest in Filtran (“Filtran” or “the Company”) to Madison Capital Partners. Terms of the transaction were not disclosed.
Filtran is the leading manufacturer of automatic transmission filters, filter systems and related components for the light vehicle industry with operations in the U.S., Europe and China. The Company’s full service offering benefits its global customer base, which consists of nearly every major transmission and OEM manufacturer, from the initial filter design through final system validation. In addition, Filtran sells transmission filters to the light vehicle aftermarket via OEM service channels and distributors to the independent aftermarket.
SPX Corporation is a Fortune 500 multi-industry manufacturing company that offers highly-specialized engineered solutions to solve critical problems for customers. SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. SPX is headquartered in Charlotte, North Carolina and has employees in over 40 countries.
Madison Capital Partners, a Chicago based investment group, acquires and grows industrial manufacturing companies. Madison has previously financed the growth of over 20 successful multinational corporations.
Since 2007, Baird has completed eight M&A and equity transactions totaling nearly $1.0 billion in value in the filtration industry and 15 M&A and equity transactions totaling nearly $2.9 billion in value in vehicle supply.