Greylane, a newly launched US-based holding company, has acquired Texas-based AirCare Automation, a cleanroom controls and monitoring provider.
Greylane was established as a long-term holding company focused on acquiring niche manufacturers of engineered components with recurring revenue and pricing power.
Backed by committed capital, the company aims to partner with management teams to scale and develop specialised component businesses across various technical sectors.
AirCare Automation, which becomes Greylane’s first acquisition, designs and assembles fan filter unit controls and consoles, cleanroom monitoring software, and environmental controls for mission-critical cleanroom applications.
Greylane, a newly launched US-based holding company, has acquired AirCare Automation
The company was previously owned by private investment firm, Falx Capital.
Shawn Dewey, President of AirCare, will remain in his role and continue to work closely with the Greylane leadership team.
Dewey said: “We are excited to join the Greylane organisation. Their focus on growing specialised 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 has confirmed it is actively seeking further acquisitions of niche engineered component businesses.