Freudenberg Filtration Technologies’ Acquisition of Protect Plus Air

Taft Stettinius & Hollister advised HKW on the deal. PPA’s financial advisor was Robert W. Baird & Co.

HKW, a middle-market private equity firm focused on growth-oriented companies, announced the sale of PPA Holding, Inc. (Protect Plus Air) to Freudenberg Filtration Technologies. Protect Plus Air, headquartered in Hickory, NC, is a leading manufacturer of home environment air quality filters.

HKW partnered with Protect Plus Air in September 2017.  During the investment period, HKW helped Protect Plus Air strengthen foundational operating processes, including capital investments in automation and enhanced manufacturing efficiencies.

KW is a middle-market private equity firm investing in companies with talented management teams in the US and Canada. HKW targets companies in the Business Services, Health & Wellness, and Technology sectors. Since 1982, HKW has sponsored 64 platform transactions of lower middle-market companies throughout North America and 71 add-on acquisitions. 

Taft’s legal team included Bob Hicks (Picture), Ralph Caruso, Lonnie Johnson, David Bartoletti, and Rebekah Mackey.



Involved fees earner: David Bartoletti – Taft Stettinius & Hollister; Ralph Caruso – Taft Stettinius & Hollister; Robert Hicks – Taft Stettinius & Hollister; Lonnie Johnson – Taft Stettinius & Hollister; Rebekah Mackey – Taft Stettinius & Hollister;

Law Firms: Taft Stettinius & Hollister;

Clients: HKW;

Martina Bellini

Author: Martina Bellini