Deal Details
AJR Is Acquired by Keltec
Summary
AJR Filtration, Inc. (“AJR” or the “Company”) has been acquired by Keltec Technolab (“Keltec”), a portfolio company of Vance Street Capital (“Vance Street”). Terms of the transaction were not disclosed.
Baird served as the exclusive financial advisor to AJR on this transaction.
About
AJR is a leading manufacturer of highly engineered filters designed to remove particulates from most industrial liquid process and dust collection applications requiring frequent, non-discretionary filter replacements. Sold through an extensive North American distribution network and direct to OEMs, the Company’s served markets include paints & coatings, chemicals, water & wastewater, food & beverage, oil & gas, auto, aerospace and general manufacturing. AJR was founded in 1997 and is headquartered in West Chicago, Illinois.Keltec designs, develops and manufactures high-quality filtration solutions for compressed air and hydraulic solutions across various industries, including general industrial, pharmaceutical, aerospace and many others. Keltec’s products span from air/oil separators to air filters, oil filters, coalescing filters, hydraulic filters and refrigerated air dryers. Keltec was founded in 1982 and is headquartered in Hudson, Ohio.
Vance Street is a middle-market private equity firm focused on investing in highly engineered solutions businesses across the medical, life science, industrial technology and aerospace & defense sectors. Vance Street partners with management teams and family owners to accelerate growth, improve operations and acquire strategic assets for the companies in their investment portfolio. Vance Street is headquartered in Los Angeles, California.
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- Date
- August 2026
- Company
- AJR Filtration, Inc.
- Transaction
- M&A - Sellside
- Sectors
- Industrial
- Verticals
-
Water & Filtration
- Target Geography
- North America
- Acquiror Geography
- North America
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