Align Capital Partners has made a growth investment in Pleatco LLC. Financial terms weren’t announced. Pleatco, of Glen Cove, New York, designs and makes filtration products for pools and spas.
CLEVELAND and DALLAS, July , 2017 – Align Capital Partners (“ACP”) is pleased to announce its growth investment in Pleatco, LLC (“Pleatco” or “the Company”), a family-owned, market leader and premier innovator in the pool and spa filtration industry.
Pleatco designs and manufactures the most advanced, scientifically engineered filtration products for pools and spas. Pleatco provides over 700 unique, aftermarket filtration products for pool and spa retailers, distributors, online retailers, and original equipment manufacturers. The Company services customers throughout the United States, Canada and Europe from its facilities in New York, California, and Mexico.
“Pleatco has and will continue to thrive under the leadership of CEO Howard Smith and a strong management team due to its focus on product innovation and customer service,” said ACP Managing Partner Rob Langley. “The Company has consistently expanded and improved upon its product line through industry-leading engineering and new product development to bring high-quality, critical replacement filters to customers. We are excited to partner with the Pleatco team to build upon their strong track record of growth.”
“Align Capital Partners understands the importance of continuing to invest in our employees, systems and resources to further accelerate our growth while providing the highest quality products and service that our customers expect,” said CEO Howard Smith. “Align Capital Partners will be a fantastic partner for Pleatco as we embark upon our next phase of growth.”
Pleatco is also pleased to announce that Rick Von Drehle, former CEO of Clear Edge Filtration, has agreed to join the Board. “I accepted the invitation to become involved with Pleatco after spending time with Howard and his team. I was very impressed by Pleatco’s team of dedicated professionals with incredible experience and passion for the filtration business.”
Managing Partner Steve Dyke, Vice President Matt Beesley, and Associate Jonathan Vadiee worked alongside Mr. Langley on the transaction.
Pleatco is a leading designer and manufacturer of pleated filter cartridges, DE grids and filter wash products for the pool and spa market. Headquartered in Glen Cove, New York, the Company markets its products under the Pleatco Advanced© brand, which is backed by an industry leading engineering, product development and customer service team. For more information, visit www.pleatco.com.
About Align Capital Partners
Headquartered in Cleveland and Dallas, Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to create shared success. ACP brings experience, resources, and a $325 million committed fund to help companies accelerate their growth, to the benefit of management, employees and the firm’s investors. ACP makes control investments in growth-oriented, lower-middle market specialty manufacturing, distribution, and business services companies. The firm’s founders have extensive experience with these types of businesses, collectively having completed more than 80 investments representing more than $5 billion of enterprise value since 2000. For more information, visit www.aligncp.com.