Ronin Equity Partners Announces Investment in Komline-Sanderson

March 17, 2021: Komline-Sanderson Investment Announcement

Ronin Equity Partners (“Ronin”) 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 to a diverse group of customers around the world, including municipal wastewater treatment facilities, waste-to-energy 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 EBITDA margins. The company is now poised to serve as a well-capitalized platform for acquisitions. Simultaneously with Ronin’s investment, Komline acquired Barnes International, Inc. (“Barnes”), an Illinois-based manufacturer of coolant filtration equipment. Recently, Komline has also acquired Harn R/O Systems and the Haselden Company to establish a reverse osmosis platform.

“Our investment in Komline positions the company to be acquisitive in an increasingly critical industry,” said David Feierstein, Ronin co-founder and managing partner. “We are excited about Komline’s industry leading water treatment and pollution control systems because it has the double benefit of being great for our air and water while leading an industry we expect to expand in the coming years. Komline is positioned to capitalize on this trend, serving as thepremium provider across a landscape of specialized products, applications, and customers.”

Together with co-investment partners, Sunny River Management and Satori Capital, Ronin completed the investment on March 17, 2021. As with all Ronin investments, members of the team assume day-to-day leadership roles, highlighted by Jesse Yao, Ronin co-founder and managing partner, who is currently serving as Interim CFO & Treasurer of Komline. To learn more about Komline-Sanderson, visit komline.com.

Triago acted as placement agent and Katten Muchin Rosenman LLP provided legal counsel.