Rensa Acquires R.P. Fedder

Industrial

Rensa, a portfolio company of Audax, acquisition of R.P. Fedder


Summary

Rensa Filtration, Inc. (“Rensa” or the “Company”), a portfolio company of Audax Private Equity (“Audax”), has recently acquired R.P. Fedder Industrial, LLC ("R.P. Fedder"). Terms of the transaction were not disclosed.

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

About

Rensa is a family of companies manufacturing consumable, mission-critical air filtration products. By investing in innovation and the people that drive it, Rensa manufactures best-in-class solutions that keep environments safe and industries thriving. The Company was founded in 2017 by industry veteran Brandon Ost and private investment partners. Rensa is headquartered in Chicago, Illinois.

Audax is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses. Audax has invested over $9 billion in 150 platforms and over 1,100 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value.

R.P. Fedder has been designing and manufacturing custom filters for over 60 years and serves as a trusted filtration advisor for Fortune 500 companies and a wide range of facilities across Western New York. R.P. Fedder's filter solutions can be found in most hospitals, K-12 schools and universities, and manufacturing facilities in the area. R.P. Fedder also maintains two warehouses in Buffalo and Rochester, NY, which allows for the distribution of a wide range of standardized air filters, liquid filters, and commercial filtration equipment.
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Industrial

Rensa, a portfolio company of Audax, acquisition of R.P. Fedder

Date
September 2023
Company
Rensa Filtration, Inc.
Transaction
M&A - Buyside
Sectors
Industrial
Verticals
Water & Filtration
Target Geography
North America
Acquiror Geography
North America

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