KCM Capital Partners LLC, a private investment firm focused on lower middle-market business services and value-added distribution and industrial companies, has purchased the assets of Automatic Filters Inc., dba Tekleen. The deal was completed with Gemini Investors and other strategic partners.
Tekleen provides automatic and self-cleaning water filtration equipment for industrial, commercial and municipal clients. The firm has sold over 25,000 filters across the globe and its services can support flow rates from 20 to 20,000 gallons per minute. The firm’s services are used for commercial use including irrigation, process cooling , bottling operations and wastewater treatment.
“I am thrilled to once again partner with the principals of KCM,” added newly appointed CEO, Syed Shah. “They will bring the necessary core values and vision for accelerating the growth of the Company, and together we will enhance the strong relationships Tekleen enjoys with its employees, customers, and strategic supply partners. Collectively with Gemini and our other investment partners, I’m confident we will have superior financial and strategic resources available to accomplish our future growth objectives.”
Katten Muchin Rosenman LLP served as legal counsel to KCM.