Cleveland, Ohio (February 1, 2012) Emprise Partners announces that its client, Maradyne Corporation, a Dreison International company, has completed the acquisition of Greenlees Filter, Chicago, Illinois, a manufacturer of air cleaners and filter elements for more than 80 years. Emprise Partners acted as the exclusive financial advisor to Maradyne Corporation and Dreison International in this transaction.
John Berger, President of Maradyne, said, “Greenlees Filter is a supplier to the US Military under multiple long-term contracts and a natural complement to Maradyne’s turbo® pre-cleaner business. Emprise Partners played a key role in this add-on acquisition which is strategic and which will be consolidated into Maradyne’s Cleveland, Ohio facility.”
Greenlees Filter LLC (www.uafilter.com) supplies air filtration products directly to OEM vehicle and truck manufacturers. Customers include AM General, LLC—the manufacturer of the HMMWV (Hummer); Oshkosh Truck Corporation—the manufacturer of the HEMTT, HET and PLS vehicles; and BAE Systems. Greenlees Filter has been recognized for excellent quality and performance on their contracts to Defense Supply Center Columbus and Defense Supply Center Philadelphia.
Maradyne Corporation (www.maradyne.com) is a manufacturer of turbo® pre-cleaners, Pow-R-Quik air and hydraulic starters, Marion hydraulic filters, Hydramotion actuators, and SuperTrapp industrial mufflers. Maradyne’s products are used on mobile equipment such as heavy-duty trucks, buses, and off-road vehicles, as well as construction, mining, agricultural, and industrial equipment.
Dreison International, Inc. (www.dreison.com) manufactures proprietary component products that are marketed to both original equipment manufacturers and the aftermarket in the non-automotive transportation industry. Dreison’s operating subsidiaries include Maradyne Corporation, DCM Manufacturing, and Von Weise LLC.
Emprise Partners (www.emprisepartners.us) is a merchant-banking firm that provides buy-side representation to corporations, private-equity groups, and industry specific management teams in the lower middle market. As a financial partner, it provides both advice and capital for the acquisition and growth of manufacturing and value-added distribution businesses with proprietary products or defensible niche positions. Emprise Partners has completed over 50 buy-side transactions.