WILTON, Conn.– Altus Capital Partners, a distinguished investment firm concentrating on middle market manufacturing businesses, has officially announced its strategic acquisition of Air Innovations, LLC (“Air Innovations”). This acquisition marks a significant expansion of Altus Capital Partners’ portfolio, incorporating a leading manufacturer of environmental control units (ECUs). Air Innovations caters to a diverse range of sectors, including wine production, aerospace, semiconductor manufacturing, homeland security, and healthcare, providing both custom-built solutions and a comprehensive suite of branded standard products. The financial details of this transaction remain undisclosed.
Air Innovations: A Leader in Environmental Control Solutions
Headquartered in North Syracuse, NY, Air Innovations stands out as a premier designer and manufacturer of environmental process control systems. Their ECUs are critical in applications where failure is not an option, such as sterile storage in hospitals, precision climate control for semiconductor lithography, and payload protection in spacecraft. The company’s Wine Guardian division is particularly notable, offering an extensive array of ECUs designed for residential wine cellars to large-scale commercial wine storage facilities, ensuring precise temperature and humidity management. Air Innovations prides itself on its capability to deliver proprietary, customized systems that precisely meet the unique demands of each client. The existing leadership team at Air Innovations will continue to guide the company’s operations and future direction.
Strategic Partnership for Growth and Innovation
Michael Wetzel, President and CEO of Air Innovations, expressed enthusiasm about the future partnership, stating, “Joining forces with Altus Capital Partners marks an exciting new chapter for Air Innovations. Their specialized focus, extensive resources, structured approach, and proven expertise will be instrumental in propelling our business beyond the strong groundwork we have already established.”
Heidi Goldstein, Partner at Altus Capital Partners, also commented on the acquisition, “Altus Capital Partners is eager to collaborate with Air Innovations to facilitate their ambitious growth objectives. As a globally recognized designer and manufacturer of essential environmental control units, we are thrilled to support Air Innovations’ experienced management team. Together, we aim to expand their market presence, enhance their industry leadership, and further diversify their end-market applications.”
Thomas Groh, also a Partner at Altus Capital Partners, added, “We deeply value the capabilities of the management team at Air Innovations, which aligns perfectly with our investment philosophy of partnering with strong leadership to drive companies to greater heights. We anticipate a successful collaboration with the Air Innovations team and their talented workforce to sustain robust sales growth and support their long-term strategic initiatives.”
About Air Innovations
Air Innovations excels in the design and manufacturing of environmental process control systems, specifically engineered for applications where standard HVAC systems fall short. They specialize in tailored, packaged solutions addressing critical parameters such as temperature, humidity, filtration, and pressurization. Originally established in 1986 as Floratech, Air Innovations has dedicated nearly four decades to enhancing quality of life through innovative environmental control technologies. Further details about Air Innovations can be found at airinnovations.com.
About Altus Capital Partners
Altus Capital Partners is a private equity investment firm exclusively focused on acquiring and growing middle market manufacturing companies. Their deep sector expertise provides them with a distinctive understanding of the opportunities and challenges within the manufacturing landscape. Altus Capital Partners adopts a patient, strategic investment approach, committed to partnering with the management teams of their portfolio companies to foster significant and sustainable growth. For more information about Altus Capital Partners, please visit www.altuscapitalpartners.com.
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