Innovance Inc. Acquires Jorgensen Conveyor and Filtration Solutions
February 28, 2024
Innovance Inc., a 100% employee‑owned holding company based in Albert Lea, Minnesota, has acquired Jorgensen Conveyor and Filtration Solutions of Mequon, Wisconsin. The deal brings Jorgensen’s conveyors, coolant filtration and chip‑processing equipment into Innovance’s portfolio, retains all ~65 employees, and aligns the business with Innovance’s industrial manufacturing capabilities.
- Buyers
- Innovance Inc.
- Targets
- Jorgensen Conveyor and Filtration Solutions
- Sellers
- Jorgensen family (company owners), Chuck D'Amico (outgoing CEO)
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Transaction Type
- Buyout
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