Deal Details
Protect Plus Air Sold to Freudenberg
Summary
PPA Holdings, Inc. (“Protect Plus Air” or the “Company”), a portfolio company of Hammond, Kennedy, Whitney & Company, Inc. (“HKW”), recently announced its sale to the Freudenberg Group (“Freudenberg”). Terms of the transaction have not been disclosed.
Baird served as the exclusive financial advisor to Protect Plus Air on this transaction
About
Protect Plus Air is a leading manufacturer of residential air filters whose focus on high-quality, innovative products, unique distribution management and strong customer relationships has propelled its growth since it was founded in 2001. Protect Plus Air carries a full range of residential filters and accessories and goes to market through in-house and licensed brands, including Honeywell, Dupont, Arm & Hammer, True Blue, Purafilter 2000, WEB and Yankee Candle. Protect Plus Air is headquartered in Hickory, North Carolina.HKW is a private equity firm that invests in middle-market companies across North America. HKW focuses on investments in the business services and health and wellness sectors and invests through a Four Pillar approach, placing significant emphasis on data-driven execution from the deal sourcing process through strategic growth initiatives. HKW is headquartered in Indianapolis, Indiana.
Freudenberg is a global technology group that develops leading-edge technologies, products and services for about 40 markets and for thousands of applications. Freudenberg Filtration Technologies, a business segment of Freudenberg, develops and produces high-performance, energy-efficient filtration solutions which improve the efficiency of industrial processes, conserve resources, protect people and the environment and thus enhance quality of life. Freudenberg is headquartered in Weinheim, Germany.
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- Date
- September 2021
- Company
- Protect Plus Air
- Transaction
- M&A - Sellside
- Sectors
-
Industrial
Consumer - Verticals
-
Water & Filtration
Household Products
Specialty Materials & Chemicals
- Target Geography
- North America
- Acquiror Geography
- Europe
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