March 17, 2021 – PEAPACK, NJ – Sunny River Management (“SRM”) has announced its investment in Komline-Sanderson (“Komline”), a designer and manufacturer of industrial water filtration and pollution control systems.
Founded in 1946 and headquartered in Peapack, New Jersey, Komline provides and maintains tailored filtration and pollution control solutions for a diverse group of customers around the world, including municipal wastewater treatment facilities, electric power utilities, and industrial processing plants in end markets such as chemical manufacturing, food processing, and pharmaceuticals.
Komline has achieved impressive growth during its current CEO’s tenure, expanding at four times the industry average and doubling its EBITDA margins. The company is now poised to serve as a well-capitalized platform for acquisitions. Simultaneously with SRM’s investment, Komline acquired Barnes International, Inc. (“Barnes”), an Illinois-based manufacturer of coolant filtration products, and it has four other add-ons currently under letter of intent and more than 30 identified additional potential targets.
Together with a co-investment partner, Satori Capital, SRM completed the investment on March 17, 2021. To learn more about Komline-Sanderson, visit komline.com.