Pacific Avenue Capital Partners Completes Acquisition of Sogefi Filtration Business

LOS ANGELES, CA / ACCESSWIRE / June 4, 2024 / Pacific Avenue Capital Partners, a Los Angeles-based private equity firm specializing in corporate carve-outs, announced the acquisition of Sogefi Filtration S.A. and Sogefi USA Inc. from Milan-based Sogefi S.p.A. The acquired company will now operate as Purflux Group. Purflux is renowned for manufacturing vehicle filtration components for both the automotive aftermarket and Original Equipment customers globally.

Purflux operates 10 manufacturing facilities in countries including France, the United States, India, and the United Kingdom. In 2023, the company reported over $600 million in revenue. Under Pacific Avenue's management, Purflux plans to focus on growth initiatives, particularly in the aftermarket sector and the transition to electric vehicles.

Chris Sznewajs, Founder and Managing Partner of Pacific Avenue, emphasized the company's commitment to expanding Purflux's operations both organically and through strategic mergers and acquisitions. Since early 2024, Purflux has secured more than $100 million in new business, including contracts in the EV sector.

Purflux's leadership team will remain in place to ensure continuity in quality and service. CEO Julien Grange expressed enthusiasm about operating under Pacific Avenue's ownership, pledging to maintain high standards while innovating for the transition to e-mobility.