Micronics Engineered Filtration Group, Inc.
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Micronics Engineered Filtration Group, Inc. - overview
Established
1983
Location
Chattanooga, TN, US
Primary Industry
Industrial Machinery
About
Micronics Inc. is a US-based company specializing in engineered filtration solutions, catering to diverse sectors such as mining, chemicals, and recycling, while promoting sustainable practices through innovative filtration technologies. Founded in 1983 in Chattanooga, US, Micronics Inc. provides advanced filtration solutions for various industries.
The company has conducted a total of 3 deals, with its most recent deal occurring on March 5, 2025. The current CEO is Mohd Mahri and Rick Weiler, leading the company in its strategic initiatives. Micronics, Inc. specializes in providing customized engineered filtration solutions across various sectors, including mining, mineral processing, chemicals, cement, and recycling, supporting the principles of the Circular Economy.
The company’s core product offerings encompass filtration equipment such as filter presses, belt filter presses, pressure leaf filters, vacuum filters, and baghouse dust collectors designed for effective liquid-solid separation and air purification. Micronics serves a diverse clientele, including industries like food and beverage, pharmaceuticals, power generation, and municipal services, with a global reach across North America, Europe, and Asia-Pacific markets. The solutions offered are tailored to optimize processes, improve operational efficiency, and ensure compliance with environmental regulations, enhancing the sustainability of their clients' operations. Micronics generates revenue primarily through the sale of its engineered filtration products and services, engaging in direct business-to-business transactions.
The company structures its sales around customized contracts for filtration equipment and ongoing service agreements, which include spare parts, maintenance, and in-house laboratory services. Clients often enter into long-term partnerships, ensuring a steady stream of revenue through ongoing support and provision of essential replacement components. The company’s flagship offerings include proprietary solutions such as the SOLAFT® filter media and various filtration systems tailored to meet the unique needs of its industrial clients, supporting critical applications that contribute to the company’s robust financial performance. In March 2025, Cleanova Holding Limited, a portfolio company of PX3 Partners, agreed to acquire Micronics Engineered Filtration Group, Inc.
from Vance Street Capital. This acquisition aims to strengthen Cleanova's market position in the industrial filtration business. The financial terms of the acquisition were not disclosed, but Vance Street Capital and the company’s management are expected to reinvest in Micronics, indicating a commitment to its future growth.
Current Investors
Vance St.Capital
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery
Website
www.micronicsinc.com
Verticals
Manufacturing
Company Stage
Buyout
Total Amount Raised
Subscriber access only
Micronics Engineered Filtration Group, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Micronics Engineered Filtration Group, Inc. | - | ||||||||
| Add-on | Completed | Action Filtration Inc. | - | ||||||||
| Add-on | Completed | SOLAFT Filtration Solutions | - | ||||||||
| Add-on, Trade Sale | Completed | Advanced Filtration Technologies, LLC | - | ||||||||
| Add-on | Completed | National Filter Media Corporation | - |
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