Global Plasma Solutions, a Savannah, Georgia-based provider of air purification devices, received an investment from Falfurrias Capital Partners, a Charlotte-based private equity firm focused on investing in growth-oriented, middle-market businesses.
The amount of the deal was not disclosed.
Founded in 2008, GPS provides air purification devices designed to improve indoor air quality while reducing energy costs associated with commercial, residential and industrial HVAC system operation.
Its patented needlepoint bi-polar ionization technology has been employed by healthcare institutions, schools, athletic facilities, commercial office buildings, and homeowners to improve indoor air quality by removing particles, odors and pathogens from the air.
Commercial building owners and operators using GPS technology have also been able to realize energy cost savings through the reduction of outside air intake required to condition spaces.
Outside of the residential, commercial and industrial HVAC markets, the company has also developed specialized, highly engineered products for commercial and private aviation, commercial high-speed hand dryers and automobiles.
As part of the growth strategy for GPS, Falfurrias announced the hiring of veteran business leader Glenn Brinckman as CEO. Mr. Brinckman’s experience includes leadership roles within filtration technology at W.L. Gore and General Electric.
Co-founder and chief innovator Charles Waddell will remain in an executive leadership role as chief technology officer and will continue to lead new product development for GPS.
FinSMEs
08/10/2018