PE Tech Report


Like this article?

Sign up to our free newsletter

Bayside Capital sells portfolio company Environmental Filtration Technologies

Bayside Capital has completed the sale of portfolio company Environmental Filtration Technologies (EFT) to Nederman Holding.

Based in Charlotte, North Carolina, and with locations across North America, Germany, France and Australia, EFT is an industrial air filtration company. EFT offers air pollution control and air filtration equipment, including industrial dust collectors, baghouses, air and liquid filtration systems, filter bags and cartridges, as well as equipment and engineered systems for evaporation and distillation.

EFT markets its products under the globally-recognised MikroPul, Menardi, Filtex and Filter-Media, LCI and Pneumafil brands.

After investing in EFT, Bayside restructured the company’s balance sheet, narrowed its breadth of operations through business unit divestitures and provided the capital and resources to grow its core filtration platform.

Doug Albert, EFT’s president and chief executive officer, says: “Bayside has been a tremendous partner to EFT and has been instrumental in helping us establish and execute our strategy to become a leader in the filtration market.”

“Our partnership with EFT and its management team has been a tremendous success. They executed a detailed strategic plan by investing in their global sourcing capabilities, developing efficient project management processes and leveraging their underutilized installed base of large systems to sell aftermarket products and services. EFT is very well positioned and we look forward to watching them continue to grow as part of Nederman,” says John Bolduc (pictured), executive managing director of Bayside Capital.

Like this article? Sign up to our free newsletter