Gryphon Investors, a San Francisco-based private equity firm, has acquired a majority interest in K&N Engineering, a California-based provider of air and oil filtration products for the automobile industry.
K&N, founded in 1964, also has operations in the UK and the Netherlands.
K&N offers washable performance air filters and air intake systems, which are designed for cars, trucks, motorcycles, engines, and industrial applications to increase its horsepower and last for the vehicle life.
Gryphon managing partner David Andrews said that K&N is known for its authenticity and a tremendous reputation for quality and is a performance filter brand in the automotive space.
K&N CEO Steve Rogers said that they believe Gryphon will help them expand within their core customer base, and attract others who want to achieve the highest performance from their cars and trucks.
The deal terms were undisclosed.
Gryphon was advised by Kirkland & Ellis and Adam Raper and K&N was advised by Best Best & Krieger.