Clean Solutions Group, a provider of nonwoven filtration media and cleaning products and a portfolio company of Branford Castle Partners, has acquired HDK Industries.
HDK is a producer of wire back and self-supporting media for air filtration, liquid filtration and specialty medical materials including masks.
HDK was founded in 1985 and operates three manufacturing lines at its facility near Knoxville in Rogersville, Tennessee.
Branford Castle formed Clean Solutions Group (CSG) in February 2022 as a new platform to consolidate its ownership of Fibrix Filtration, acquired in August 2020, and Americo Manufacturing. Today, CSG operates 14 production lines in six facilities located in Georgia, North Carolina and Texas.
Americo’s products include floor pads, cleaning accessories, and matting products used in the janitorial and sanitation industry. Americo was founded in 1969 and is based northwest of Atlanta in Acworth, Georgia. Fibrix Filtration manufactures air, liquid, and specialty filtration medias used in the commercial, industrial, and residential markets. Fibrix is headquartered in Mooresville, North Carolina, with three additional facilities in Texas (2) and North Carolina.
CSG is led by CEO Keith White and President JR Baccus. “Improving indoor air quality has become a key health and safety initiative in this post-pandemic era,” said Mr. White. “The combination of CSG’s and HDK’s proprietary products and technologies creates a truly differentiated product offering for the expansive market of innovative clean solutions using environmentally sustainable practices.”
“We’re proud to support a company dedicated to developing solutions for a cleaner, more sustainable environment,” said Ceon Francis, a managing director at Branford Castle. “Under the experienced leadership of Keith White and his team, we are confident CSG will continue growing strategically, both organically and through acquisitions, in this dynamic and expanding market.”
Branford Castle invests in companies that have enterprise values of up to $100 million and EBITDA of less than $15 million. Sectors of interest include consumer products and services, commercial distribution, industrial and specialty manufacturing, business services, and logistics.
For the past 15 years, President and CEO John S. Castle and Managing Partner David Castle have led New York City-headquartered Branford Castle which has an additional office in Boca Raton, Florida.
WhiteHorse Capital provided financing for this acquisition of HDK by Clean Solutions Group.
© 2023 Private Equity Professional | November 21, 2023
