Montage Partners has made an investment in Simi Valley, California-based Puroflux, a maker of commercial and industrial water filtration systems. No financial terms were disclosed for the transaction that was done in partnership with Puroflux management. Levinson, Arshonsky & Kurtz, LLP provided legal advice to Puroflux on the investment while Snell & Wilmer LLP did likewise for Montage Partners.
SCOTTSDALE, Ariz., Oct. 5, 2018 /PRNewswire/ — Montage Partners, a Scottsdale, Arizona-based private equity firm, is pleased to announce its investment in Puroflux Corporation (“Puroflux” or the “Company”) in partnership with Puroflux management led by Dennis Jamison, Kevin Carter, and Neil Diorio. Founded in 1994 and headquartered in Simi Valley, California, Puroflux is a leading manufacturer of commercial and industrial water filtration systems globally with sales in 13 countries across North America, Europe, Asia-Pacific, the Middle East, and North Africa. Puroflux delivers unsurpassed dedication to quality, continuous innovation in engineering and technology, responsive service from initial design through installation, and an ability to deliver custom design solutions on time, every time.
“Puroflux’s people-centric culture and its dedication to the success of its representatives and end users has helped the Company build a globally-recognized brand over the past 24 years. This success is a result of many years of hard work and a reflection of the quality of Puroflux’s management and the entire Puroflux team. We’re thrilled to partner with Henry, Dennis, Kevin, and Neil to continue the Company’s successful legacy and to support continued growth,” said Jordan Tate, a partner at Montage Partners and member of the Puroflux board of directors.
“I am excited at the prospect of having the Puroflux team working alongside Montage Partners. I believe by continuing our focus on customer service, quality products, and engineering innovation, the partnership will increase growth and create new opportunities. I look forward to much success together in the years ahead,” said Henry Greenberg, co-founder, President, and board member of Puroflux, who will continue to lead the Company alongside Dennis Jamison, Kevin Carter, and Neil Diorio.
“We are all very enthusiastic about working with Montage Partners. As Puroflux continuously strives to provide the best products and service, working with Montage will offer us an expanded opportunity of growth and sustainability into the next decade,” said Dennis Jamison, Vice President of Sales and shareholder, who will continue to play a key role in shaping Puroflux’s future and growth strategy.
The transaction closed September 26, 2018. Levinson, Arshonsky & Kurtz, LLP served as legal advisor to Puroflux. Snell & Wilmer, LLP served as legal advisor to Montage Partners.
About Montage Partners
Founded in 2004 and headquartered in Scottsdale, Arizona, Montage Partners is a private equity firm that invests in established companies in the western U.S. with EBITDA between $1 million and $5 million. Above all other investment criteria, Montage Partners invests in exceptional people. Montage Partners provides liquidity to those who have spent years of their life building great companies, protects those companies through a transition of ownership, and supports the next generation of a company’s leadership in executing on growth initiatives. For more information, please visit www.montagepartners.com.