October 24th, 2023. BOCA RATON, FL– Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm focused on defensible businesses in growing markets with tangible performance improvement opportunities, today announced its affiliate has completed the acquisition of Koch Separation Solutions, a subsidiary of Koch Industries, Inc.
Koch Separation Solutions officially assumes its new name and brand, Kovalus Separation Solutions™, (“Kovalus” or the “Company”). Kovalus continues its operations, now as a standalone business, under the existing management team. Kovalus was founded in 1963 and is headquartered in Wilmington, Massachusetts with over 700 employees across several global offices and four manufacturing sites. It provides membrane filtration, ion exchange, evaporators, dryers, and proprietary cheesemaking technologies to the industrial, food, beverage, dairy, and other markets.
“We are excited about this opportunity and our new company name, which represents our legacy of offering cutting-edge separation technologies, as well as our vision to create value for our customers,” said Manny Singh, CEO of Kovalus, who will continue to lead the management team. “This acquisition marks a key milestone in the journey of Kovalus as we look towards our future as a global leader delivering optimized, quality separation solutions. I am thrilled to work with the Sun Capital team as they share our commitment to innovation and operational excellence.”
“We are thrilled to finalize this acquisition and look forward to collaborating with the KSS team to support the business as a strong standalone enterprise,” said Jeremy Stone, Senior Managing Director, Sun Capital. “Sun Capital has a long history of successfully partnering with outstanding management teams in industrial businesses across multiple sectors. We’re confident that we can apply that experience and our deep, in-house operational resources to help management execute its business plan, accelerate growth, and further the Company’s ability to help customers increase productivity while meeting sustainability goals.”
The acquisition of Kovalus by Sun Capital’s affiliate paves the way for Kovalus to strengthen its market presence and improve its economies of scale. The Company’s vision is to transform the global landscape of separations and become a preferred partner to its customers by driving value creation and sustainability across the food and beverage, dairy, life science, and industrial markets.
For more information on this acquisition, please visit www.kovalus.com.
Media Contacts
Sun Capital:
Pia De Sousa – Vice President, Marketing
561-394-0550
pdesousa@suncappart.com
For KSS:
Emily Rogers – Senior Marketing Manager
612-219-8537
communications@kochsep.com
