Regent LP, a global private equity firm, has acquired Clearlake Capital-backed Alkegen‘s Thermal Acoustical Solutions business unit, which manufactures acoustical and thermal management insulation parts for the automotive and transportation industries.
The divestiture aligns with Alkegen’s strategy to drive its growing portfolio of materials focused on sustainability and human health. Alkegen originally acquired TAS as part of its acquisition of Lydall Inc. in 2021. The sale includes Thermal Acoustical Solutions locations in Hamptonville, N.C., Yadkinville, N.C., St. Nazaire, France, Meinerzhagen, Germany and Taicang, China. As part of the agreement, Paul Vallis, Alkegen’s general manager of TAS, will remain with Alkegen as president of its filtration and catalysis business group.