Los Angeles-based private equity firm Vance Street Capital LLC has acquired a majority interest in Micronics Inc, a manufacturer of aftermarket filtration products and OEM custom filter presses. The Micronics management team will also have a significant ownership stake in the business. Headquartered in Portsmouth, New Hampshire, Micronics provides filtration products to a range of industries worldwide including mining, chemical, wastewater, metals, and food and beverage. Micronics also has locations in the UK. The company offers filter presses of all sizes, including the fully automatic Lasta MC for mining, replacement plates, parts and filter cloth for all equipment. Micronics has locations in the UK and is the only distributor for Ishigaki Co Ltd in North and South America.
"In Vance Street, we could not have found a better partner as Micronics enters its next phase of growth," said Micronics CEO Barry Hibble. "The firm has extensive experience working with manufacturers as well as a deep understanding of operations. This transaction is a positive development for our company and our hard-working employees as we look to the future with our new partners."
"We look forward to working closely with Barry Hibble and the entire Micronics management team to help the company capitalize on the many growth opportunities it has before it, both here and abroad," said Jake Blumenthal, principal at Vance Street Capital. "We focus on investing in companies that provide engineered solutions to blue chip customers and we feel that Micronics is perfectly positioned to continue to gain market share."
