Built 2 Spec and Angstrom have signed an agreement for the acquisition in the US
Angstrom Technology, a specialist in modular cleanroom production, has signed an agreement to acquire Built 2 Spec.
Built 2 Spec is a regional platform serving commercial and industrial clients through its design and build services for modular cleanrooms, with a strong presence on the West Coast. The acquisition broadens Angstrom's geographic presence in North America and adds key customer accounts to Angstrom's already robust blue chip client base.
Founded in 1989, Angstrom completes fully customisable and turnkey projects that give customers a high level of control over airborne and surface particulates to manufacture, test, and assemble products in a safe and clean environment.
This acquisition will accelerate our West Coast expansion
This enhanced operating environment enables companies to manufacture products accurately, prevent the risk of product malfunction or failure, and guarantee customer satisfaction.
Karan Rai, Managing Partner at Angstrom parent company, ASGARD Partners & Co., said: "We are focused on building Angstrom into one of the largest and most customer-focused companies in this highly fragmented industry. This transaction is just the beginning of a long-term growth strategy focused on consolidating the modular cleanroom / controlled environment industry. With a strong presence in the US, we anticipate adding more density in key markets both domestically and internationally through strategic add-on acquisitions."
Matt Isard, President of Angstrom, said: "This acquisition will accelerate our West Coast expansion and bring our existing and future customers the know-how and service they deserve. I am also excited to welcome the Built 2 Spec talent to Angstrom Technology and look forward to integrating Built 2 Spec's expertise throughout our organisation."
Terms of the transaction were not disclosed. McGuireWoods LLP served as legal advisors to ASGARD.