Vance Street Acquires Filtrabox

Vance Street Capital's ("Vance Street") portfolio company Fumex Air Filtration Systems ("Fumex" or the "Company") today announced the acquisition of Filtrabox by PAT Technology Systems, a Montreal, Canada-based, founder-owned designer and manufacturer of highly engineered purification solutions protecting people, equipment and environment from airborne pollutants.

Founded in 1986 and headquartered in Kennesaw, GA, Fumex is a trusted leader in air filtration systems, providing advanced extraction solutions designed to meet the stringent health, safety, and regulatory standards required for capturing hazardous materials directly at the source. Fumex's systems are deployed across a broad spectrum of industrial and healthcare applications, including laser cutting for precision component manufacturing, 3D printing, soldering, and plastic processing. Engineered for optimal performance, these systems efficiently manage particulate and chemical fumes, ensuring a safer environment for workers, equipment, and processes.

The combination of Filtrabox with Fumex will allow the business to more effectively serve a global customer base across North America and Europe and the combined engineering resources will be able to develop new products providing innovative filtration solutions to existing and new customers across a broad range of end markets. As part of the transaction, the Filtrabox management team will stay in place and also reinvest a significant portion of their proceeds in the combined business.

"On behalf of the entire Fumex team, we couldn't be more excited to welcome the Filtrabox team to the Fumex family," said Kevin East, CEO of Fumex. "This partnership will allow us to develop and provide innovative air filtration solutions serving application-specific needs of our global customer base."

"Filtrabox is an important step in our strategy to build a leading provider of specialized air filtration solutions. The combination broadens Fumex's product offering and geographic reach, creating a strong foundation for continued growth," said Grady Miller, Partner at Vance Street.

"The Filtrabox team has built an impressive business, and we are grateful that they decided to partner with us. Partnering with entrepreneur-owned businesses like Filtrabox in sectors where we have experience, like filtration, is a great representation of Vance Street's strategy," said Yousaf Tahir, Principal at Vance Street.

Winston Taylor acted as legal advisor to Vance Street Capital. Debt financing for the transaction was provided by Fidus Capital. Terms of the transaction were not disclosed.