Verantis

MILWAUKEE (January 27, 2025) Verantis Environmental Solutions Group, a global provider of highly engineered environmental control systems headquartered in Middleburg Heights, OH, with a facility in LaGrange, OH and entities in China, India, and Singapore, has been acquired by CECO Environmental Corp., a leader in engineered systems and industrial process equipment for air quality control, water treatment, and energy transition solutions. Grace Matthews advised Verantis’ shareholders, a group led by Tanglewood Investments, Inc., on the sale of Verantis.

ABOUT VERANTIS ENVIRONMENTAL SOLUTIONS GROUP
Verantis is a global provider of highly engineered environmental control systems utilized in the abatement of toxins and particulates from waste streams. Verantis has built an industry reputation for providing cost-effective, high-performance systems that can be tailored to meet the size, scope, and complexity of customers’ environmental and production process challenges. Verantis’ solutions perform mission-critical functions in a range of manufacturing, production, and industrial processes for blue-chip customers in high-growth end markets (semiconductor & electronics, industrial, chemical manufacturing, and more). For more information, visit Verantis’ website at www.verantis.com/. 

ABOUT CECO ENVIRONMENTAL
CECO Environmental is a leading environmentally focused, diversified industrial company, serving a broad landscape of industrial air, industrial water, and energy transition markets across the globe through its key business segments: Engineered Systems and Industrial Process Solutions. Providing innovative technology and application expertise, CECO helps companies grow their business with safe, clean, and more efficient solutions that help protect people, the environment and industrial equipment. In regions around the world, CECO works to improve air quality, optimize the energy value chain, and provide custom solutions for applications including power generation, petrochemical processing, general industrial, refining, midstream oil and gas, electric vehicle production, polysilicon fabrication, battery recycling, beverage can, and water/wastewater treatment along with a wide range of other applications. CECO is listed on Nasdaq under the ticker symbol “CECO.” Incorporated in 1966, CECO’s global headquarters is in Dallas, Texas.  For more information, please visit www.cecoenviro.com. 

ABOUT TANGLEWOOD INVESTMENTS
Tanglewood Investments is based in Houston, Texas and has been independently owned since its inception in 1995.  Over its nearly 30 year history, Tanglewood invested approximately $80 million of equity capital on behalf of its principals and equity partners in approximately 22 acquisitions that were organized into six platform investments.  Verantis is the last of those platform investments to be sold.  Tanglewood’s investment philosophy was characterized by minimal leverage, extended hold periods, and a laser focus on superior operating strategies and execution.  Including the sale of Verantis, the original investment of approximately $80 million of partner’s capital has resulted in gross equity value of approximately $900 million attributable to Tanglewood’s management and investor partners, and its principals.

ABOUT GRACE MATTHEWS
Grace Matthews, Inc., a Milwaukee-based investment bank, provides merger, acquisition, and corporate finance advisory services to private and public companies across the chemical and material science value chain. Over the past 25 years, Grace Matthews has successfully completed over 150 transactions on behalf of clients ranging from private, middle-market companies to large, foreign or U.S.-based multi-nationals. For more detailed information on Grace Matthews, visit gracematthews.com.