Vance Street Capital has acquired Fumex Air Filtration Systems, a manufacturer of fume extraction equipment.
Fumex designs and manufactures air filtration equipment for applications requiring precise control of hazardous airborne particulates and chemicals. The company’s product lineup includes portable fume extractors, self-cleaning cartridge systems, and specialized units for laser engraving and 3D printing environments.
These products are used in industries such as healthcare, electronics, and additive manufacturing to capture fumes from processes like soldering, plastic welding, and laser cutting. Founded in 1986, Fumex is led by CEO Kevin East and is headquartered in Kennesaw, Georgia, northwest of Atlanta.
“This partnership will allow us to invest in the business and drive growth both organically and through M&A,” said Mr. East. “On behalf of the entire Fumex team, we couldn’t be more excited to begin this next chapter with Vance Street.”
“Over the last 20-plus years, Kevin and his team have built a highly differentiated company,” said Nic Janneck, a partner at Vance Street. “With Vance Street’s additional support and capital, Fumex will be able to invest in the business, accelerate its new product development, and continue to provide its customers with sought-after solutions.”
Fumex is the fourth platform investment for Vance Street Capital IV LP, which closed in May 2024 with $775 million in capital.
The acquisition of Fumex follows Vance Street’s December 2024 purchase of System Seals, a Cleveland-based designer and manufacturer of high-performance sealing products. System Seals specializes in applications requiring high compliance, performance, or tolerance standards, particularly for systems with high failure costs. Its products include hydraulic, rotary, and elastomeric seals, utilized in manufacturing, energy, and industrial equipment applications.
Other recent acquisitions by Vance Street include Prince Sterilization Services, a New Jersey-based provider of contract medical device sterilization services, and Pro-Vision, a Michigan-based provider of video monitoring products and services.
“We are excited to partner with Kevin and his team to further penetrate existing end markets, broaden the product portfolio, and target strategic M&A opportunities,” said Yousaf Tahir, a principal at Vance Street.
Headquartered in Pacific Palisades, Los Angeles, Vance Street Capital makes control investments in North American companies with enterprise values between $30 million and $350 million and EBITDA of $3 million to $30 million. Key sectors of focus include medical technology, life sciences, industrial technology, and aerospace & defense.
Lincoln International served as the financial advisor to Vance Street on this transaction. Fidus Capital provided debt financing to support the acquisition.
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