Alkegen, a portfolio company of Clearlake Capital, has sold Lydall TAS to Regent

Lydall TAS

Lydall Thermal Acoustical Solutions (TAS) is a leading global provider of innovative, high-performance and highly engineered thermal and acoustical management insulation solutions for demanding applications. The company offers a full suite of solutions for diverse, mission-critical applications including exhaust, interior, powertrain, underbody, underhood and battery electric vehicle powertrain and underbody applications. The company benefits from extensive, long-term relationships with a diverse set of leading customers, including most of the largest global passenger vehicle original equipment manufacturers, Tier 1 suppliers and industrial companies. TAS is headquartered in Hamptonville, North Carolina and operates six global manufacturing sites in the United States, Germany, France and China.

The Deal

Clearlake Capital-backed Unifrax acquired Lydall Inc. and its three business units in 2020, expanding their product portfolio and doubling their footprint. The divestiture of the TAS unit, primarily focused on automotive solutions, allows Alkegen, which was created by the combination of Unifrax and Lydall Inc., to focus its resources on its primary goal of advancing their unique platform of specialty materials that meaningfully helps the world breathe easier, live greener and go further than ever before.

Our Perspective

Robert Satow, co-head of Lincoln’s global automotive and mobility technology team, indicated “We are delighted to have worked with the Alkegen team to find the right partner for the TAS business unit going forward. This represents another transaction Lincoln has executed in the thermal and acoustic space, and we brought deep industry knowledge to find the right solution for Alkegen.”

Clearlake

Clearlake is an investment firm, founded in 2006, that operates integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are industrials, technology and consumer. Clearlake currently has more than $70 billion of assets under management, and its senior investment principals have led or co-led more than 400 investments. The firm is headquartered in Santa Monica, California with affiliates in Dallas, London and Dublin. For more information, please visit www.clearlake.com and @Clearlake on Twitter.

Alkegen

Alkegen, which was created by the combination of Unifrax and Lydall Inc., creates high performance specialty materials used in advanced applications including electric vehicles, energy storage, filtration, fire protection and high-temperature insulation, among many others. Alkegen is vertically integrated across multiple process technology platforms designed with the ultimate goal of saving energy, reducing pollution and improving safety for people, buildings and equipment by delivering on its mission of helping the world breathe easier, live greener and go further than ever before. Alkegen has 75 manufacturing facilities operating in 12 countries and employs more than 9,000 employees globally. For more information, please visit www.alkegen.com.

Regent

Regent is a global private equity firm focused on acquiring businesses and deploying its strategic and operational expertise to fuel growth and innovation. Since its inception, Regent has acquired businesses from leading Fortune 500 and large-cap companies including Caterpillar, Arcelor Mittal, eBay, Ralph Lauren, Hanes Brands, Tegna, L Brands and Hain Celestial among others. Regent’s portfolio includes companies in the industrial, retail, media and technology sectors across Europe, Asia and the Americas. For more information, please visit www.regentlp.com.

Share: