Celeros Flow Technology Selling Filtration Business to Px3 Partners

CHARLOTTE, N.C. – Celeros Flow Technology (Celeros FT) has announced that it has entered into a definitive agreement to sell its Filtration business unit to London headquartered private equity firm, Px3 Partners (Px3). Celeros FT is held by funds affiliated with Apollo Global Management, Inc.

Under the terms of the agreement, Px3 will purchase the Filtration business, and the transaction is subject to customary regulatory approvals and closing conditions. 

Upon completion of the transaction, Celeros FT intends to accelerate the strategic transformation of its flow control solutions through reinvestment in the business, its employees and the pursuit of strategic acquisitions that complement its core strengths.