Branford Forms New Filtration Platform
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Branford Forms New Filtration Platform

Branford's Clean Solutions Group will consolidate its investments in Fibrix Filtration, acquired in August 2020, and its new acquisition of Americo

Americo is a manufacturer of synthetic and natural fiber floor pads, hand pads, utility pads and floor matting

SOURCE: Americo Manufacturing Company

Branford Castle Partners has formed Clean Solutions Group (CSG) as a new platform to consolidate its ownership of Fibrix Filtration, acquired in August 2020, and its new acquisition of Americo Manufacturing Company. Branford acquired Americo from Blue Sage Capital which invested in the company in December 2017 in partnership with the founding Rones family.

Americo is a manufacturer of synthetic and natural fiber floor pads, hand pads, utility pads and floor matting. The company sources one hundred percent of its polyester fiber raw materials from recycled post-consumer and post-industrial waste. The company’s products are sold throughout the United States and worldwide in over 70 countries.

Americo was founded in 1969 as the American Manufacturing Company by Jim Rones. The company changed its name to Americo Manufacturing Company in 1984 and today is headquartered northwest of Atlanta in Acworth, Georgia.

Fibrix Filtration is a manufacturer of nonwoven filtration materials used in HVAC, paint collection, liquid, evaporative cooling, and specialty applications. Fibrix has more than 300 employees and operates 4 facilities – two in both Texas and North Carolina – with headquarters north of Charlotte in Mooresville, North Carolina. Fibrix is led by CEO Keith White who is also the president and CEO of Clean Solutions Group.

“The transition to a greener and cleaner environment is a monumental challenge for this generation,” said Mr. White. “The combination of Fibrix Filtration’s and Americo’s people, technologies, and assets creates a formidable nonwovens manufacturing platform focused on innovative clean solutions for home and work environments using environmentally sustainable practices.”

“We are enthusiastic to be joining Clean Solutions Group as we continue growing our business by delivering innovative, environmentally friendly products with an unparalleled customer experience,” said Lenny Shutzberg, the CEO of Americo. “The combination of these two great companies makes us stronger, more adaptable and better positioned to leverage our resources for sustainable, future growth.”

“We’re proud to support a company dedicated to developing solutions for a cleaner, more sustainable environment,” said Laurence Lederer, a senior managing director of Branford Castle. “Under the excellent leadership of Keith White and his team, we are confident Clean Solutions Group will continue to grow strategically, both organically and through acquisitions, while defining the future of the industry.”

New York City-based 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, industrials and specialty manufacturing, business services, and logistics.

Byline Bank and Brookside Capital Partners provided financing to support the buy of Americo by Clean Solutions Group.

© 2022 Private Equity Professional | February 8, 2022

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