Vance Street Capital-backed Micronics Filtration Holdings Acquires United Process Control
10/18/15
LOS ANGELES--( BUSINESS WIRE )--Vance Street Capital LLC, a Los Angeles-based private equity firm, and Micronics Filtration Holdings, Inc., a global provider of wet and dry filtration aftermarket products, today announced the acquisition of United Process Control, Inc. UPC is the fourth add-on acquisition for Micronics since December 2014. Terms of the transactions were not disclosed. UPC is a full service provider of baghouse inspection, mechanical repair, bag change outs and aftermarket parts to customers in the power, steel, cement, chemical, and food industries across the United States. UPC will join forces with Micronics subsidiary C.P. Environmental (“CPE”), a leader in dry filtration service, maintenance, replacement bags and parts. “With the addition of UPC, Micronics Holdings has significantly grown its dry filtration business, increasing its ability to meet the service and aftermarket needs of its customers,” said Richard Crowell, Managing Partner at Vance Street Capital. “Working closely with portfolio companies such as Micronics to source, close and integrate strategic add-on acquisitions that allow our portfolio companies to accelerate their growth is central to our investment strategy.”
“The addition of UPC allows us to better meet our aftermarket customers’ needs for engineered and technically complex mechanical repairs to their existing dry filtration systems,” said Micronics President and CEO Rick Weiler. “This transaction also expands our presence on the east coast and in the southern portion of the United States. Working together, I am confident we will be able to achieve significant growth while also providing our customers with outstanding service.”
About United Process Control, Inc.
Based in Hillsborough, New Jersey, UPC has been serving the dry filtration industry since 1986. Starting out initially as a filter bag reseller, UPC quickly expanded into the critical service and repair element of the business. UPC is a major service provider in a number of industries including power, steel, cement, chemical, and food with a significant presence in the eastern part of the United States. About Vance Street Capital LLC
Vance Street Capital is a Los Angeles-based private equity firm that makes control investments in companies with enterprise values up to $200 million. Preferred industries include general industrial, aerospace & defense, and medical components and devices. For over two decades, Vance Street’s partners have worked with management, family owners and other co-investors to accelerate revenue growth, improve operations and acquire strategic assets for the companies in their investment portfolio. For more information please visit: www.vancestreetcapital.com . About Micronics Filtration Holdings, Inc.
Micronics Filtration Holdings, Inc. is the parent company to Micronics Inc., Southern Filter Media, C.P. Environmental, AeroPulse, and now United Process Control. Founded in 1983, Micronics is an expert in liquid/solid separation. A worldwide authority on filter cloth, critical to optimizing any filter press application, Micronics helps customers reduce costs, increase efficiency and extend the life of their filtration equipment. Headquartered in Portsmouth, New Hampshire with operations in the UK, Micronics provides filter presses, standard or custom, and supports them with service, parts, filter cloths, filter plates, and refurbishment at competitive prices. In December 2014, Micronics entered the dry filtration industry with the acquisition of Southern Filter Media based in Hixson, TN, a leading provider of value high quality filter bags for bag house OEMs. In March 2015, CPE was acquired, adding change-out, cleaning, inspection, maintenance, repair, and consulting services to its dry filtration offerings. In August 2015, Micronics acquired AeroPulse, a designer and manufacturer of bag houses and related equipment for a variety of attractive end markets. Micronics Filtration Holdings is a portfolio company of Vance Street Capital, a Los Angeles-based private equity firm. For more information please visit www.MicronicsInc.com . Stories you Need to Know
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Vance Street Capital-backed Micronics Filtration Holdings Acquires United Process Control

Micronics Filtration Holdings, Inc., a Portfolio Company of Vance      Street Capital, Acquires United Process Control
Vance Street Capital Completes Fourth Add-on Acquisition for      Portfolio Company Micronics Filtration in Last 10 Months
October 16, 2015 11:00 AM Eastern Daylight Time
LOS ANGELES--( BUSINESS WIRE )--Vance Street Capital LLC, a Los Angeles-based private equity firm, and      Micronics Filtration Holdings, Inc. (“Micronics”), a global provider of      wet and dry filtration aftermarket products, today announced the      acquisition of United Process Control, Inc. (“UPC”). UPC is the fourth      add-on acquisition for Micronics since December 2014. Terms of the      transactions were not disclosed. UPC is a full service provider of baghouse inspection, mechanical      repair, bag change outs and aftermarket parts to customers in the power,      steel, cement, chemical, and food industries across the United States. UPC will join forces with Micronics subsidiary C.P. Environmental      (“CPE”), a leader in dry filtration service, maintenance, replacement      bags and parts. “With the addition of UPC, Micronics Holdings has significantly grown      its dry filtration business, increasing its ability to meet the service      and aftermarket needs of its customers,” said Richard Crowell, Managing      Partner at Vance Street Capital. “Working closely with portfolio      companies such as Micronics to source, close and integrate strategic      add-on acquisitions that allow our portfolio companies to accelerate      their growth is central to our investment strategy.”
“The addition of UPC allows us to better meet our aftermarket customers’      needs for engineered and technically complex mechanical repairs to their      existing dry filtration systems,” said Micronics President and CEO Rick      Weiler. “This transaction also expands our presence on the east coast      and in the southern portion of the United States. Working together, I am      confident we will be able to achieve significant growth while also      providing our customers with outstanding service.”
About United Process Control, Inc.
Based in Hillsborough, New Jersey, UPC has been serving the dry      filtration industry since 1986. Starting out initially as a filter bag      reseller, UPC quickly expanded into the critical service and repair      element of the business. UPC is a major service provider in a number of      industries including power, steel, cement, chemical, and food with a      significant presence in the eastern part of the United States. About Vance Street Capital LLC
Vance Street Capital is a Los Angeles-based private equity firm that      makes control investments in companies with enterprise values up to $200      million. Preferred industries include general industrial, aerospace & defense, and medical components and devices. For over two decades, Vance      Street’s partners have worked with management, family owners and other      co-investors to accelerate revenue growth, improve operations and      acquire strategic assets for the companies in their investment      portfolio. For more information please visit: www.vancestreetcapital.com . About Micronics Filtration Holdings, Inc.
Micronics Filtration Holdings, Inc. is the parent company to Micronics      Inc., Southern Filter Media, C.P. Environmental, AeroPulse, and now      United Process Control. Founded in 1983, Micronics is an expert in      liquid/solid separation. A worldwide authority on filter cloth, critical      to optimizing any filter press application, Micronics helps customers      reduce costs, increase efficiency and extend the life of their      filtration equipment. Headquartered in Portsmouth, New Hampshire with      operations in the UK, Micronics provides filter presses, standard or      custom, and supports them with service, parts, filter cloths, filter      plates, and refurbishment at competitive prices. In December 2014,      Micronics entered the dry filtration industry with the acquisition of      Southern Filter Media based in Hixson, TN, a leading provider of value      high quality filter bags for bag house OEMs. In March 2015, CPE was      acquired, adding change-out, cleaning, inspection, maintenance, repair,      and consulting services to its dry filtration offerings. In August 2015,      Micronics acquired AeroPulse, a designer and manufacturer of bag houses      and related equipment for a variety of attractive end markets. Micronics      Filtration Holdings is a portfolio company of Vance Street Capital, a      Los Angeles-based private equity firm. For more information please visit www.MicronicsInc.com . Contacts

Micronics Filtration Holdings, Inc., a Portfolio Company of Vance Street Capital, Acquires United Process Control

Micronics Filtration Holdings Acquires Leading Dry Filtration      Business, United Process Control, Inc.
Transaction Deepens Dry Filtration Service and Aftermarket      Offerings
October 15, 2015 08:00 AM Eastern Daylight Time
PORTSMOUTH, N.H. & ROMEOVILLE, Ill.--( BUSINESS WIRE )--Micronics Filtration Holdings Inc. (“Micronics”), a global provider of      wet and dry filtration aftermarket products, services, and OEM      equipment, announced today that it has acquired United Process Control,      Inc. (“UPC”), a 30-year-old, full-service provider of baghouse      inspection, mechanical repair, bag change outs and aftermarket parts to      customers in the power, steel, cement, chemical, and food industries      largely in the eastern and southeastern portions of the United States. UPC will join forces with Micronics subsidiary C.P. Environmental      (“CPE”), a leader in dry filtration service, maintenance, replacement      bags and parts. Terms of the transaction were not disclosed. “The addition of UPC significantly expands the depth and scope of our      dry filtration system repair and maintenance capabilities, allowing us      to better meet our aftermarket customers’ needs for engineered and      technically complex mechanical repairs to their existing dry filtration      systems,” said Micronics President and CEO Rick Weiler. “With this transaction we also expand our footprint on the East Coast      and into the southern portion of the United States. The combination of      UPC and CPE underscores our commitment to dry filtration,” added Don      Eldert, President CPE. “This transaction is a very exciting development for our company,” said      Bob Marzoli, founder of UPC. “By joining forces with CPE and becoming      part of the Micronics Holdings family, we will be able to provide our      customers with additional services nationwide and continue our strong      growth.”
“In addition to the strategic value of this acquisition, we’re also      excited to welcome the UPC team to the Micronics family,” said Mike      Schmidt, CPE Service Leader. “They represent truly world-class talent      and bring expertise and skilled resources that will contribute greatly      as we continue to grow our dry filtration customer base.”
About United Process Control Inc.
Based in Hillsborough, New Jersey, UPC has been serving the dry      filtration industry since 1986. Starting out initially as a filter bag      reseller, UPC quickly expanded into the very important service and      repair element of the business. UPC is a major service provider in a      number of industries including power, steel, cement, chemical, and food      processing with a significant presence in the eastern and southeastern      parts of the United States. For more information please visit www.unitedprocesscontrol.com . About C.P. Environmental
Headquartered in suburban Chicago, IL, CPE is a full-service      maintenance, repair, engineering and design firm that offers a wide      range of service and refurbishment capabilities to the air filtration      market, specifically the baghouse industry. The company is a leading      supplier of industrial air replacement parts and filters, maintenance,      change-out, inspection, cleaning, repair and consulting services. The      combination of these products and services enhances CPE customers’      productivity, profitability and reduces the amount of equipment downtime      at their facilities. CPE is a wholly-owned subsidiary of Micronics      Filtration Holdings, Inc., a Vance Street Capital portfolio company. For      more information please visit www.cp-environmental.com . About Micronics Filtration Holdings Inc.
Micronics Filtration Holdings Inc. is the parent company to Micronics      Inc., Southern Filter Media, CP Environmental, AeroPulse, and now United      Process Control. Founded in 1983, Micronics is an expert in liquid /      solid separation. A worldwide authority on filter cloth, critical to      optimizing any filter press application, Micronics helps customers      reduce costs, increase efficiency and extend the life of their      filtration equipment. Headquartered in Portsmouth, New Hampshire with      operations in the UK, Micronics provides filter presses, standard or      custom, and supports them with service, parts, filter cloths, filter      plates, and refurbishment at competitive prices. In December 2014,      Micronics entered the dry filtration industry with the acquisition of      Southern Filter Media (SFM) based in Hixson, TN, a leading provider of      value high quality filter bags for bag house OEMs. In March 2015, CPE      was acquired adding change-out, cleaning, inspecting, maintaining,      repairing, and consulting services to its dry filtration customers. In      September 2015, the assets of AeroPulse were acquired providing further      expertise for the repair and replacement of baghouses. Micronics      Filtration Holdings is a portfolio company of Vance Street Capital, a      Los Angeles-based private equity firm. For more information please visit www.micronicsinc.com . Contacts

Micronics Filtration Holdings Acquires Leading Dry Filtration Business, United Process Control, Inc.

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October 15, 2015    12 Views    0 Comments
Micronics Filtration Holdings Inc, a portfolio company of Vance Street Capital, has acquired United Process Control Inc. No financial terms were disclosed. Based in Hillsborough, New Jersey, UPC is a provider of baghouse inspection, mechanical repair, bag change outs and aftermarket parts to the power, steel, cement, chemical, and food sectors. PRESS RELEASE
October 15, 2015 08:00 AM Eastern Daylight Time
PORTSMOUTH, N.H. & ROMEOVILLE, Ill.–(BUSINESS WIRE)–Micronics Filtration Holdings Inc. (“Micronics”), a global provider of wet and dry filtration aftermarket products, services, and OEM equipment, announced today that it has acquired United Process Control, Inc. (“UPC”), a 30-year-old, full-service provider of baghouse inspection, mechanical repair, bag change outs and aftermarket parts to customers in the power, steel, cement, chemical, and food industries largely in the eastern and southeastern portions of the United States. UPC will join forces with Micronics subsidiary C.P. Environmental (“CPE”), a leader in dry filtration service, maintenance, replacement bags and parts. Terms of the transaction were not disclosed. “The addition of UPC significantly expands the depth and scope of our dry filtration system repair and maintenance capabilities, allowing us to better meet our aftermarket customers’ needs for engineered and technically complex mechanical repairs to their existing dry filtration systems,” said Micronics President and CEO Rick Weiler. “With this transaction we also expand our footprint on the East Coast and into the southern portion of the United States. The combination of UPC and CPE underscores our commitment to dry filtration,” added Don Eldert, President CPE. “This transaction is a very exciting development for our company,” said Bob Marzoli, founder of UPC. “By joining forces with CPE and becoming part of the Micronics Holdings family, we will be able to provide our customers with additional services nationwide and continue our strong growth.”
“In addition to the strategic value of this acquisition, we’re also excited to welcome the UPC team to the Micronics family,” said Mike Schmidt, CPE Service Leader. “They represent truly world-class talent and bring expertise and skilled resources that will contribute greatly as we continue to grow our dry filtration customer base.”
About United Process Control Inc.
Based in Hillsborough, New Jersey, UPC has been serving the dry filtration industry since 1986. Starting out initially as a filter bag reseller, UPC quickly expanded into the very important service and repair element of the business. UPC is a major service provider in a number of industries including power, steel, cement, chemical, and food processing with a significant presence in the eastern and southeastern parts of the United States. For more information please visit www.unitedprocesscontrol.com. About C.P. Environmental
Headquartered in suburban Chicago, IL, CPE is a full-service maintenance, repair, engineering and design firm that offers a wide range of service and refurbishment capabilities to the air filtration market, specifically the baghouse industry. The company is a leading supplier of industrial air replacement parts and filters, maintenance, change-out, inspection, cleaning, repair and consulting services. The combination of these products and services enhances CPE customers’ productivity, profitability and reduces the amount of equipment downtime at their facilities. CPE is a wholly-owned subsidiary of Micronics Filtration Holdings, Inc., a Vance Street Capital portfolio company. For more information please visit www.cp-environmental.com. About Micronics Filtration Holdings Inc.
Micronics Filtration Holdings Inc. is the parent company to Micronics Inc., Southern Filter Media, CP Environmental, AeroPulse, and now United Process Control. Founded in 1983, Micronics is an expert in liquid / solid separation. A worldwide authority on filter cloth, critical to optimizing any filter press application, Micronics helps customers reduce costs, increase efficiency and extend the life of their filtration equipment. Headquartered in Portsmouth, New Hampshire with operations in the UK, Micronics provides filter presses, standard or custom, and supports them with service, parts, filter cloths, filter plates, and refurbishment at competitive prices. In December 2014, Micronics entered the dry filtration industry with the acquisition of Southern Filter Media (SFM) based in Hixson, TN, a leading provider of value high quality filter bags for bag house OEMs. In March 2015, CPE was acquired adding change-out, cleaning, inspecting, maintaining, repairing, and consulting services to its dry filtration customers. In September 2015, the assets of AeroPulse were acquired providing further expertise for the repair and replacement of baghouses. Micronics Filtration Holdings is a portfolio company of Vance Street Capital, a Los Angeles-based private equity firm. For more information please visit www.micronicsinc.com. Leave a Reply

PE-backed Micronics buys UPC

Acquired

United Process Control (UPC), founded in 1986, serves the dry filtration industry. UPC is a major service provider in a number of industries including power, steel, cement, chemical, and food processing with a significant presence in the eastern and southeastern parts of the United States.

Date	10/15/2015
Round	Acquired
Amount
Investors	Micronics
Valuation	$XXM
Revenue	0 FY undefined
Sources	1

First funding	10/15/2015
Last Funding	10/15/2015
Investor	Micronics
Rounds	1 Acquired
Board Seats
Type	Corporation
Location	Tennessee

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