Deal Details
Sale of its filtration business to CLARCOR
Summary
Baird served as the exclusive financial advisor to Stanadyne Corporation
About
Stanadyne Corporation, a portfolio company of Kohlberg & Company, LLC, recently completed the sale of its filtration business to CLARCOR Inc. (“CLARCOR”) (NYSE: CLC) for approximately $325 million.Stanadyne Corporation’s filtration business is a leading supplier of original equipment and replacement fuel filtration products, including the Fuel Manager® line of diesel fuel filters and water separators, primarily for off-road, agricultural and construction applications. Stanadyne Corporation’s filtration business has been supplying fuel filter solutions to leading original equipment manufacturers for more than 50 years and is a carve-out from a consolidated Stanadyne business that also manufactures fuel injectors and pumps. Standyne Corporation’s filtration business is headquartered in Windsor, Connecticut, with manufacturing operations in Washington, North Carolina.
Kohlberg & Company, LLC is a leading private equity firm. Since its inception in 1987, Kohlberg has completed more than 60 platform investments and over 125 add-on acquisitions, with aggregate transaction value in excess of $9 billion. Kohlberg & Company, LLC is headquartered in Mount Kisco, New York.
CLARCOR is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products and consumer and industrial packaging products sold in domestic and international markets. CLARCOR is based in Franklin, Tennessee.
For additional information about this transaction, please contact:
- Date
- May 2014
- Company
- Stanadyne Corporation
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
- Acquiror Geography
- North America
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