Investment expands the platform’s filtration and separation offering into high value-added process filtration markets.
Boston, MA – May 17, 2021- Purgo Holdings LLC, a Wincove Private Holdings, LP company, is pleased to announce that is has acquired Steri Technologies Inc, a Bohemia, New York-based manufacturer of filtration systems for the chemical and pharmaceutical industries. This acquisition will further diversify and broaden Purgo’s portfolio of filtration solutions and expand into new vertical markets. Steri Technologies will continue to operate under its current name with plans to invest for continued growth.
“We are excited to partner with Wincove and continue to invest in the growth of Steri”, says Clemens Nigg, President of Steri. “We have experienced significant growth over the past several years as customers recognize our differentiation in product quality and support, and our customer-focused approach to solving their filtration needs. Our dedicated employees have been instrumental to building our reputation in the marketplace, and we are excited to see continued investment for growth.”
This acquisition marks the second investment for Purgo Holdings since its inception in 2019, building on its initial platform investment of LAKOS Filtration Solutions, a leading manufacturer of filtration and separation solutions for commercial, industrial and irrigation markets.
About Purgo Holdings
Purgo Holdings, LLC is focused on building a leading platform of filtration and separation technologies in high growth water and infrastructure and process filtration and separation markets.
About LAKOS Filtration Solutions
Since 1972, LAKOS Filtration has solved customer’s complex water filtration challenges using innovative and reliable solutions. Based in Fresno, CA, its products are focused on industrial manufacturing, HVAC, food processing, irrigation, municipal and other applications worldwide.
About Wincove Private Holdings, LP
Wincove Private Holdings is an investment company that creates long-term capital appreciation for its shareholders by partnering with business owners, entrepreneurs, and management teams to build market-leading companies. Wincove has a permanent capital base, and may stay invested in its partner companies for an unlimited time horizon.