Max Katzenstein, co-founder and managing partner of Koho Partners, is the CEO of newly launched Greylane LLC. [Photo: Koho Partners]
Greylane LLC has launched out of Dallas as a long-term holding company focused on acquiring niche manufacturers of engineered components with recurring revenue and pricing power—and it’s already snapped up its first company.
Backed by “significant committed capital,” Greylane said it partners with management teams to scale and strengthen specialized component businesses. Greylane is led by CEO Max Katzenstein, a co-founder and managing partner of Dallas- and Miami-based Koho Partners, which is an investment firm focused on building market-leading companies through organic and acquisition-driven growth. Katzenstein is also co-chairman of Addtronics, a consolidator of niche automation technology and solution providers innovating for the life sciences and other industries.
AirCare acquisition
As it announced its launch, Greylane said it has acquired acquired AirCare Operator, a San Antonio-based leading provider of components for cleanroom control and monitoring, from Denver-based private investment firm Falx Capital.
Terms of the deal were not disclosed.
AirCare specializes in designing, assembling, and supporting fan filter unit controls and consoles, cleanroom monitoring software, and environmental controls for mission-critical cleanroom processes, Greylane said.
AirCare’s president, Shawn Dewey, will continue to lead his company while working closely with the Greylane leadership team.
“We’re excited to join the Greylane organization,” Dewey said in a statement. “Their focus on growing specialized component businesses is a perfect match for AirCare. This partnership will enable us to expand our capabilities, invest in innovation, and continue delivering exceptional solutions for our customers.”
Greylane added that is” actively seeking additional acquisitions of niche engineered component businesses.”
Don’t miss what’s next. Subscribe to Dallas Innovates.
Track Dallas-Fort Worth’s business and innovation landscape with our curated news in your inbox Tuesday-Thursday.
R E A D N E X T
-
The Capital One program — one of few mobility-focused accelerators in the country — empowers visionary founders to enhance their startup expertise, expand their networks, and attract investors. The latest cohort wrapped up with standout pitches and notable wins.
-
The new record for the most users to take an online financial literacy lesson in 24 hours involved members of the public and students from Carrollton-Farmers Branch ISD and Richardson ISD. Participants got rousing support from Dallas Mavericks player P.J. Washington, who said "being disciplined for six months can change your life forever."
-
The banking giant’s commercial software group is scaling cloud-native tools for enterprise, led by a North Texas executive. Its second launch, Databolt, uses tokenization to secure sensitive data and help companies adopt AI with confidence.
-
Palo Alto, California-based Fiddler AI said its $18.6 million Series B extension brings the round's total funding to $50 million. The company said the funds will help it "continue to build momentum in AI observability and AI safety."
-
Ben Fujihara will be responsible for overseeing capital strategy, investor relations, and business development at Rising Phoenix, the investment firm said.
