Atmus Filtration Technologies (NYSE:ATMU), a global leader in filtration and media solutions, today announced the closing of its acquisition of Koch Filter Corporation from Air Distribution Technologies, a portfolio company of Truelink Capital.
The all-cash transaction was completed for approximately $450 million, subject to customary purchase price adjustments.
The acquisition establishes Atmus’ new industrial air filtration platform and significantly expands its presence in high-growth end-markets, including commercial and industrial HVAC, data centers, and power generation.
The transaction creates a new Industrial Solutions segment at Atmus.
The Koch Filter business will operate within this segment under the leadership of Rakesh Gangwani, Senior Vice President, Strategy and President, Industrial Solutions.
Mark Mattingly, who has served as Koch Filter’s president for over three decades, will continue to lead the Koch Filter business and report to Gangwani.
Concurrent with the closing, Atmus entered into an amended and restated five-year $1.5 billion credit facility, comprising a $500 million revolving credit facility and a $1 billion term loan.
As previously announced, the acquisition is expected to be accretive to Atmus’ adjusted EPS and adjusted EBITDA margin in 2026, with the company targeting high-single-digit return on invested capital by 2028.
The transaction was funded through a combination of cash on hand and borrowings under the amended credit facility.