Sale to GVS S.p.A.

Industrial
Sale to GVS S.p.A.

Summary

Baird served as exclusive financial advisor to Kuss Filtration, Inc. on this transaction

About

Kuss Filtration, Inc. (“Kuss” or “the Company”), a portfolio company of Industrial Opportunity Partners (“IOP”), recently announced its sale to GVS S.p.A. (“GVS”). Terms of the transaction were not disclosed.

Kuss is a global business providing specialty air and liquid filtration solutions to diverse markets including light duty vehicle, outdoor power equipment, powersports and on- and off-highway commercial vehicle. The Company leverages 65 years of expertise in filter design, testing and production to provide customized, specialty filtration to customers worldwide. Kuss is headquartered in Findlay, Ohio.

IOP is a private equity investment firm with $910 million of committed capital since its inception. IOP is focused on acquiring and managing middle-market manufacturing and value-added distribution businesses. Utilizing its operations-focused approach and dedicated Board of Operating Principals, IOP has a track record of stabilizing, growing and enhancing the value of its acquired businesses. IOP is based in Evanston, Illinois.

GVS is a global technology leader in the development and manufacture of filtration products primarily serving the medical, automotive, safety, life science, appliance and industrial markets. GVS has 11 manufacturing plants in: Italy, the United Kingdom, Brazil, China, Romania, and the United States; with supporting sales offices in 22 countries. GVS is headquartered in Zola Predosa, Italy.
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Industrial
Sale to GVS S.p.A.
Date
July 2017
Company
Kuss Filtration, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
Europe

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