FORUM Family Office acquires 100% of Tiger Filtration Ltd. from England

FORUM Family Office ("FORUM") has acquired 100% of the shares of Tiger Filtration Ltd ("Tiger") based in Sunderland, England. Tiger is FORUM 's first acquisition in the UK and following acquisitions in Switzerland and Austria, is another milestone in our internationalization strategy.

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The company generated revenues of approximately €4 million in 2022 with 20 employees. Like each of our companies, Tiger meets FORUM's key investment criterion: high recurring revenues in niche applications. Tiger manufactures in its own factory special filter elements for industrial compressed air and vacuum applications. Suppliers include spare parts distributors and service providers specializing in compressed air, as well as OEMs who purchase custom filters from Tiger.  

The company has grown steadily since its foundation in 2004 and has internationalized - 2/3 of sales are generated outside the UK. Tiger's strong market position is based primarily on high quality of product and service, and as a manufacturer Tiger can offer faster prototyping and delivery times than the competition.

The continuation concept of FORUM provides for a continuation of the corporate strategy in all essential points, in particular personnel and location will be retained. As the owner, FORUM will focus on more internationalization and expand its sales activities. In addition, the product portfolio in the field of air filtration is to be expanded through investments in production technology.

Founder Gary Ashton will remain on board as CEO:

"As founder of Tiger Filtration, I am delighted we are now part of the FORUM Group. FORUM was always my first choice as they are very keen to maintain continuity with a long-term view of neverselling the company. This new partnership will allow us to continue as anindependent whilst maintaining continuity to our ever-expanding customerbase. With FORUM's experience and financial resources, it is expected that our range of products will quickly expand and offer even more solutions to our clients. "

FORUM Family Office invests the assets of a Munich family in medium-sized companies. FORUM's principles in family equity for succession solutions are: permanent, decentralized, entrepreneurial - quite different from financial investors. This approach has already persuaded more than 21 entrepreneurs to entrust FORUM with their life's work. In total, the companies generated a turnover of about € 160M last year with about 1,200 employees.