Houlihan Lokey Advises Koch Separation Solutions

Houlihan Lokey is pleased to announce the completed divestiture of Koch Separation Solutions (KSS) by Koch Engineered Solutions, LLC (KES), a subsidiary of Koch Industries, Inc. (Koch), to an affiliate of Sun Capital Partners, Inc. (Sun Capital). This transaction closed on October 24, 2023.

KSS is a leading provider of high-value industrial separation technologies such as membrane filtration, ion exchange, evaporation, and drying, among others. With more than half a century’s worth of experience, KSS offers solutions for the most demanding applications across dairy, food and beverage, water treatment, pharmaceutical, and general industrial markets. KSS aims to deliver more value for its customers worldwide by offering complete solutions to recover high-value products, eliminate waste, reduce footprint, increase productivity, and lower costs. KSS has approximately 700 employees with offices around the globe and generates approximately $250 million in annual revenue.

Sun Capital is a global private equity firm focused on partnering with outstanding management teams to accelerate value creation. Since 1995, Sun Capital has invested in more than 500 companies worldwide with revenues in excess of $50 billion across a broad range of industries and transaction structures. The firm has built a reputation as a trusted partner, recognized for its operational experience. Sun Capital focuses on defensible businesses in growing markets with tangible performance improvement opportunities in the business services, consumer, healthcare, industrial, and technology sectors. The firm has offices in Boca Raton, Los Angeles, and New York and an affiliate with offices in London.

Houlihan Lokey served as the exclusive financial advisor to Koch and assisted in initiating, structuring, and negotiating the transaction on its behalf. This transaction builds on Houlihan Lokey’s successes and expertise in industrial technologies, specifically filtration, water technologies and solutions, and process equipment as well as its substantial experience in facilitating corporate divestitures.