Milwaukee, WI (PRWEB) October 13, 2011
Cross Creek Partners, LLC, a private equity firm with a focus on manufacturing and distribution companies in the upper Midwest, has announced the acquisition of Airsan Corporation, a Milwaukee-based manufacturer of permanent filters. “We’re pleased to add Airsan to our portfolio,” says Randall M. Perry, founder of Cross Creek Partners. “Airsan has an excellent reputation as a high quality designer and producer of filters for the industrial and HVAC markets. They have a great team of employees and a strong and loyal customer base. We look forward to supporting Airsan in their continued growth and success.”
Airsan Corporation has over a 60-year history serving niche segments of the filtration market. From initial concept and custom design, Airsan manufactures both permanent metal and dry type air filters for a number of applications, including filtration products in the defense, wind turbine, waste treatment, electric motor and cogeneration markets.
“Airsan products are shipped worldwide to OEMs (original equipment manufacturers) and distributors for a number of applications in the filtration market,” explains Kurt Glaisner, vice president and co-owner of Airsan prior to the acquisition. “With the support of Cross Creek Partners and the increased demand for cleaner air, Airsan’s future looks very promising.”
“With the experience, guidance and resources that Cross Creek Partners is able to provide, Airsan will be able to continue to grow and move forward,” agrees Arlin Ratajczak, president and owner of Airsan for over 30 years prior to the acquisition. “I am confident that Airsan, its employees and customers will be in very good hands.”
Cross Creek Partners is eager to join in working with the Airsan team. “We plan to embrace Airsan’s strengths by continuing to deliver quality products and service to their existing customer base,” says Perry. “At the same time we will look at leveraging their brand and reputation by exploring tangential markets.”
About Cross Creek Partners
Cross Creek Partners, LLC was established to invest in companies, support their business development and grow shareholder value, with a primary focus on small manufacturing and distribution companies in the upper Midwest. The Cross Creek Partners investment strategy is designed to provide growth and development capital to lower middle market companies with differentiated products, capabilities and/or processes, which offer the potential to create a sustainable competitive advantage. For more information, call 414.289.7161 or visit http://www.ccreekpartners.com.