Cleanroom manufacturer Angstrom Technology, which is owned by New York-based private equity firm Asgard Partners & Co., LLC, has joined forces with Lancaster, UK-based Connect 2 Cleanrooms Limited, or C2C, creating a partnership of two leading cleanroom companies with a presence on both sides of the Atlantic. Asgard Partners has signed an agreement to acquire C2C, laying the foundation of a long-term growth strategy focused on consolidating the modular cleanroom and controlled environment industry, said Karan Rai, managing partner at ASGARD Partners & Co. Following the acquisition, the C2C management team will remain in place.
Terms of the transaction were not disclosed.
C2C was established in 2002 by Joe Govier and has since grown into an internationally operating company with its head office in Lancaster and additional offices in London and Geldermalsen in the Netherlands. C2C is a modular cleanroom platform serving healthcare, pharma, and industrial clients with its range of cleanroom solutions.
Angstrom, which is headquartered in Grand Rapids, Michagan, was founded in 1989 and designs, builds, and services fully customisable modular cleanrooms for many different markets, from aerospace, and defence to semiconductors and the pharmaceutical industry. T
The transaction and combination of businesses will enable Angstrom and C2C to fulfill a joint vision to create a truly global controlled environment solutions platform, according to Joe Govier, CEO of C2C.
"This acquisition will accelerate our international expansion and bring our existing and future customers a much higher degree of expertise and service from a larger and more capable platform. We are focused on building the most competent and customer-focused company in the industry and this is an important step in that direction,” added Matt Isard, CEO of Angstrom.