West Manufacturing News • Feb 21 • ASGARD Partners & Co. Acquires Angstrom Technology

ASGARD Partners & Co., LLC, a New York-based private equity firm, has announced an agreement to acquire a controlling interest in Angstrom Technology, a provider of modular cleanroom production. As part of the transaction, management will remain a significant minority investor as Angstrom enters its next phase of growth.

Founded in 1989 and headquartered in Grand Rapids, MI, Angstrom designs, builds and services fully customizable modular cleanrooms for the aerospace, defense, technology, pharmaceutical, automotive, healthcare and industrial end markets. The company completes turn-key and built-to-spec 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 enhanced operating environment enables companies to manufacture products accurately and prevent the risk of product malfunction or failure.

“ASGARD’s investment in Angstrom provides the opportunity to partner with a strong management team in the cleanroom and controlled environment industry, which is benefiting from advances in manufacturing and the accelerated use of electronics and sensors throughout the manufacturing process,” said a spokesperson. “An ever-widening array of companies are adding cleanroom solutions to meet stringent regulatory and manufacturing requirements and to remain competitive. The accelerating rate of change across the manufacturing and information technology landscape creates significant opportunities for Angstrom.”

Karan Rai, Managing Partner at ASGARD Partners & Co., said, “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. The company’s reputation for quality and customer service is a testament to its culture of excellence. We look forward to helping accelerate the growth of Angstrom’s brand and service offering across North America and beyond.”

The existing Angstrom management team will continue to lead the company following the transaction. Matt Isard, President of Angstrom, said, “We are looking forward to partnering with ASGARD as we embark on an exciting new chapter of our story. 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.”