While ASGARD Partners & Co. has acquired a controlling interest in the company, current management will remain a significant minority investor as Angstrom enters its next phase of growth
Angstrom Technology, an industry specialist in modular cleanroom production, has been acquired by ASGARD Partners & Co., a New York-based private equity firm.
While ASGARD has acquired a controlling interest in the company, current management will remain a significant minority investor as Angstrom enters its next phase of growth.
Founded in 1989, and headquartered in Grand Rapids, Michigan, Angstrom Technology delivers fully customisable modular cleanrooms to more than 300 customers worldwide in aerospace, defence, technology, pharmaceutical, automotive, healthcare, and industrial end markets.
"We look forward to partnering with ASGARD as we embark on an exciting new chapter of our story," said Matt Isard, President of Angstrom. "This investment will help Angstrom continue to deliver innovative cleanroom solutions, further build out our partner ecosystem, and explore strategic acquisitions to accelerate our growth."
"We are thrilled to partner with a group we trust to uphold our values and shares our vision for the future," added Matt Purvis, VP of Operations at Angstrom. "The entire Angstrom team is looking forward to our partnership with ASGARD and the opportunity to invest in continued growth and expanded capabilities to support our customers, suppliers, and employees."
"We are excited to partner with Angstrom's management team, which has an outstanding track record of delivering high quality cleanroom solutions to its customers," added Karan Rai, Managing Partner at ASGARD Partners. "The company's reputation for quality and customer service is a testament to its culture of excellence."
The transaction was executed by Charter Capital Partners.
"We can't thank the Charter team enough," added Isard. "Their guidance throughout the entire process was invaluable, and their level of professionalism is second to none."