Truelink Capital Acquires Air Distribution Technologies from Johnson Controls

Atmus Filtration Technologies Acquires Koch Filter Corporation from Air Distribution Technologies for $450M

January 8, 2026

Manufacturing

Atmus Filtration Technologies completed the acquisition of Koch Filter Corporation from Air Distribution Technologies (a Truelink Capital portfolio company) for approximately $450 million in cash. The deal establishes Atmus' new Industrial Solutions segment, brings Koch Filter's commercial and industrial HVAC, data center and power generation filtration capabilities into Atmus, and is expected to be accretive to adjusted EPS and EBITDA margin in 2026.

Truelink Capital Acquires SouthernCarlson from Kyocera Corporation

February 10, 2026

Industrial Services

Truelink Capital has acquired SouthernCarlson, a leading U.S. distributor of fasteners, tools, packaging and construction supplies, from Kyocera Corporation. The transaction is supported by a senior secured credit facility co-led by Bain Capital Credit and Goldman Sachs Alternatives to finance Truelink's purchase; SouthernCarlson will operate as an independent, nationwide platform to pursue organic growth and strategic M&A.

Truelink Capital Acquires Trulite Glass & Aluminum Solutions

November 1, 2022

Building Products

Truelink Capital has acquired Trulite Glass & Aluminum Solutions, one of North America's largest architectural glass and aluminum fabricators, from an affiliate of Sun Capital Partners. Truelink — a newly launched middle-market private equity firm based in Los Angeles — plans to support Trulite's geographic expansion, operational optimization and growth via strategic investments and M&A while retaining the existing management team.

Truelink Capital Acquires Flipp Corporation

August 16, 2023

Marketing & Advertising

Truelink Capital, a Los Angeles-based private equity firm, has acquired Flipp Corporation, a Toronto-headquartered marketing technology platform that connects retailers and CPG manufacturers to millions of shoppers. Truelink said it will invest to accelerate product innovation, expand distribution, and pursue organic growth and potential strategic add-ons to scale Flipp's digital merchandising capabilities.

Kian Capital Partners Acquires Team Air Distributing

June 1, 2023

Logistics & Distribution

Kian Capital Partners completed a platform investment in Team Air Distributing, a leading HVAC wholesale distributor headquartered in Nashville, Tennessee, in partnership with management and co-investors including LNC Partners, Barings, Everside Capital Partners and MSouth Capital. The investment will support a buy-and-build growth strategy focused on geographic and product-line expansion while retaining Jeff Wallace as President and CEO with a significant equity stake.

Johnson Controls Acquires Silent-Aire

April 9, 2021

Manufacturing

Johnson Controls has agreed to acquire Silent-Aire, a global provider of hyperscale data center cooling equipment and modular data center solutions, in an all-cash transaction valued at up to $870 million (approximately $630 million upfront plus earnouts). The acquisition, expected to close subject to regulatory approvals, expands Johnson Controls' capabilities and presence in the hyperscale data center vertical and is expected to be immediately accretive to adjusted EPS in fiscal 2022.