Angstrom Technology acquires Built 2 Spec

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Matt Isard Courtesy Angstrom

A Walker-based cleanroom manufacturer acquired a company in the same industry based in Irvine, California.

Walker-based Angstrom Technology — a portfolio company of New York-based private equity firm ASGARD Partners & Co. — said it signed an agreement to acquire Irvine, California-based Built 2 Spec.

Terms of the deal were not disclosed.

Founded in 1989, Angstrom designs, builds and services fully customizable modular cleanrooms for regulated industries and adjacent markets, including the aerospace, defense, technology, pharmaceutical, automotive, health care and industrial markets in the U.S., Canada and Mexico.

The company completes turnkey and built-to-spec projects that give customers more control over airborne and surface particulates to manufacture, test and assemble products in a safe and clean environment.

Built 2 Spec is a platform that serves commercial and industrial clients through its design-build services for modular cleanrooms.

Matt Isard, president of Angstrom, said the acquisition broadens Angstrom’s geographic presence in North America and adds key customer accounts to Angstrom’s blue chip client base.

“This acquisition will accelerate our West Coast expansion and bring our existing and future customers the know-how and service they deserve,” he said. “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 organization.”

Karan Rai. Courtesy ASGARD Partners & Co.

Karan Rai, managing partner at ASGARD, added: “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 United States, we anticipate adding more density in key markets both domestically and internationally through strategic add-on acquisitions.”

Richmond, Virginia-based McGuireWoods LLP served as legal adviser to ASGARD/Angstrom in the transaction.

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