Chicago, IL; Salisbury, MD, July 12, 2017 (GLOBE NEWSWIRE) -- Edgewater Funds, Duchossois Capital Management and CEO of Air Filtration Holdings Brandon Ost announced today that they have collectively acquired Viskon-Aire Corp. in Salisbury, MD.
Founded in 1979, Viskon-Aire is a leading manufacturer of air and paint filtration products used in a wide variety of applications in commercial and industrial HVAC as well as paint spray booths worldwide.
Brandon Ost stated, “We are excited to partner with Viskon-Aire CEO Chip Meyer and President Rob Johnson to continue the company’s tradition of excellent service to distributors and commitment to product innovation. This is the first acquisition and a critical piece of our overall strategy to build a world class filtration business focused on serving the needs of our customers through a broad portfolio of solution based filtration products.”
Chip Meyer and Rob Johnson noted, “With this strategic investment, we believe Viskon-Aire has never been better positioned to address the changing needs of our customers through the introduction of innovative new products. All our employees are excited about the possibility of expanding our manufacturing capabilities in Salisbury, MD as well as in other regions of the United States in support of our customer focused strategy.”
Dave Tolmie, Partner with Edgewater Funds stated, “Our strategy is to partner with proven executives like Brandon Ost to create industry leading companies through acquisitions and organic growth. Viskon-Aire is a first class company and we are very pleased to launch our platform investment in partnership with Chip Meyer and Rob Johnson.”
Mike Flannery, CEO of Duchossois Capital Management, remarked, “We are thrilled to team up with Edgewater and Messrs. Ost, Meyer and Johnson to build a premier air filtration business. This acquisition aligns well with our strategy to partner with best in class investors and operating executives.”
About Brandon Ost
With over 25 years in the filtration business, most recently as CEO of Filtration Group, Brandon’s mission is to capitalize on new and emerging technologies and, apply these solutions to real world filtration problems facing distributors and end users worldwide.
About Edgewater Funds
The Edgewater Funds is a Chicago-based private equity firm with $2.7 billion in committed capital. Through Edgewater Growth Capital Partners, we partner with management to help accelerate growth in their business. Edgewater focuses on funding high quality middle market companies where we can add substantial value through capital, our experience and our broad network. Edgewater leverages the experiences of its Partners and Executive Advisory Board who have distinguished themselves as successful CEOs and business leaders.
About Duchossois Capital Management
Duchossois Capital Management is a privately held, family owned investment company that creates long term value by applying its extensive industry knowledge, operational expertise and permanent capital base to a variety of investment opportunities. DCM invests in a wide array of asset classes including private and public companies, private investment funds and real estate. For more information, visit www.dcmllc.com.