Clearlake’s acquisition of ASP Unifrax


Morgan Stanley, Credit Suisse, UBS Investment Bank, RBC Capital Markets and Stifel provided committed financing to support the transaction. Goldman Sachs and William Blair served as financial advisors to Unifrax. Kirkland & Ellis LLP represented Clearlake Capital Group, L.P.

Clearlake has partnered with management and signed a definitive agreement to acquire ASP Unifrax Holdings, Inc. from affiliates of American Securities. Unifrax is a leading global supplier of high-performance specialty fibers and inorganic materials used in emission control, thermal management, filtration, battery and fire protection applications. Financial terms of the transaction are not being disclosed.


Headquartered in Tonawanda, NY, Unifrax serves more than 4,000 customers through a global footprint of 31 plants across 12 countries. The Company’s ceramic and microfine glass fiber products are sold worldwide, primarily to industrial, commercial and automotive customers. Unifrax’s portfolio of fiber products, technologies, proprietary chemistries and processes have been developed from more than 70 years of deep application knowledge and innovation. Its products address mission critical energy efficiency, emission control, regulatory and fire safety requirements across the globe.

The Kirkland team was led by corporate partners Luke Guerra (Picture) and Hamed Meshki and included associates Bianca Levin-Soler, Alice Blain and Jimin He; tax partners Russell Light and Josh McLane; debt finance partners David Nemecek and Brian Ford; technology and intellectual property transactions partner Vladimir Khodosh; executive compensation partner Jennifer Pepin; environmental transactions partner Stefanie Gitler; employee benefits partner Matthew Antinossi; labor and employment partners Matthew Keiser and Michael Schulman; real estate partner John Caruso; and international trade partner Anthony Rapa.

Involved fees earner: Luke Guerra – Kirkland & Ellis; Hamed Meshki – Kirkland & Ellis; Bianca Levin-Soler – Kirkland & Ellis; Alice Blain – Kirkland & Ellis; Jimin He – Kirkland & Ellis; Russell Light – Kirkland & Ellis; Josh McLane – Kirkland & Ellis; David Nemecek – Kirkland & Ellis; Brian Ford – Kirkland & Ellis; Vladimir Khodosh – Kirkland & Ellis; Jennifer Pepin – Kirkland & Ellis; Matthew Antinossi – Kirkland & Ellis; Matthew Keiser – Kirkland & Ellis; Michael Schulman – Kirkland & Ellis; Stefanie Gitler – Kirkland & Ellis; John Caruso – Kirkland & Ellis; Anthony Rapa – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Clearlake Capital Group, L.P.;